1961-2631r~~
RESOLUTION N0. 2631
RESOLUTION RELATING TO RELEASE OF ~1ND ON OFF•STREET PARKINQ
SOEN~B CON6TRUCTION CO•
7720 PILLSBURY AVENUE
LOCATION2 7720 NICOLLET AVENUE
USEi RESTAURANT tEMBERS~
WHEREASs SOENtS CONSTRUCTION CO y 7720 PILLSBURY AVENUEs HAD AN OFF+•STREET PARKING
AGREEMENT•W17H THIS VILLAGE RELATING TO 7720 NICOLLET AVENUEs WHICH CONTRACT BEAR8 THE
OESI f~IAT I ON OF CONTRACT NO. 634s AND WH I CI9 CONTRACT WAS GUARANTEED BY A BOND OF THE
TRINITY UNIVERSAL INSURANCE E~OMPANY~ DALLASs TEXABs IN THE SUM OF $5s200o00s ANO
WHEREA5s SAID SCENtS CONSTRUCTION CO•' HAS SUBSTANTIALLY COMPLIED WITH THE PROVISION $
1
OF SAID AGREEMENT AND THE ST• PAUL FIRE 8a MARINE INSURANCE COMPANY NOW SEEKS TO BE RELIEVED
OF ANY FURTHER OBLIGATION RIDER 6A1D BOND, AND
WHEREASs THERE ApPEAR3 70 BE NO JUSTIFICATION FOR REQUIRING BALD SOENSS CON STRUCTION
CO. TO CONTINUE TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF 8Ai0 AGREEMENT.
N0~1 THEREFOREs BE IT RESOLVED BY THE VILLA GE COUNCIL OF THE VILLAGE OF RICWFIELDs
MINNESOTAy AS FOLLOWS:
THAT THE VILLAGE MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE TRINITY
UNIVERSAL INSURANCE COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF SOENtS CONSTRUCTION
COMPANY, COMMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT NO. 634: ON ANO AFTER THE
13TH DAY OF NoVEMBERs 1961•
ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD THIS 13TH DAY OF NOVEMBERs
1
19b1o
ATTEST t
r. V ILLAGE
MA`10R
A GER