1962-2677r~~~
RESOLUTION NOs 2BT/
RESOLUTION RELATING TO RELE~ 3'£ OF BONO ON OFF~STREFT PARKIN G
MRe .IEROME Ko SCHWEIMg OPERATOR
6$50 PORTLAND AVENUE SOUTH
LOCATIONII 6535 PORTLAND AVENUE
USEB RETAIL SALES AND REPAIR OF LAt4N
EQUIPMENT AND SKATES
WHEREAS9 MR, JEROME Ke SCHWEIMs 6850 PORTLAND AVENUE SOUTHg HAO AN OFF+STREET PARKIC:~3
AGREEMENT WITH THIS VILLAGE RELATING 70 6535 PORTLAND AVENUE SOUTHS WHICH CONTRACT BEARS THE
DE6IGNATION OF CONTRACT P10. 3725 AND WHICH CONTRACT WAS GUARANTEED BY A BOND OF THE ST, PAUL
FIRE AND MARINE INSURANCE COMPANYS ST. PAULS MINNE50TAg IN THE SUM OF $ISOOO,OOS AND
WHEREAS' SAiD JEROME Ks SCHWEIM HAS SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF SAID
AGREEMENT ANO THE STw PAUL FIRE AND MARINE INSURANCE COMPANY NOW SEEKS TO BE RELIEVED OF
ANY FURTWER OBLIGATION UNDER SA10 BONDS AND
WHEREASy THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID .IEROME Ko SCHWElt9
TO CONTINUE TO PROVIDE A BONO FOR SECURitY ON THE PERFORMANCE OF SAID AGREEMENT®
NOW THEREFOREa BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILER GE OF R1CHFtELDg
h91NNE~TAS AS FOLLOW S8
THAT THE VILLAGE MANAGER IS HEREBY AUTWORIZED AND DIRECTED TO RELEASE THE ST@ PAtlL
FIRE AND MARINE INSURANCE COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF .lEROME Ko SCHW;,.IM
COMMITTED OR INCURRER DN VIOLATION OF Shc1D CONTRACT NOo 3T~S ON AtJD AFTER THE 13T~i DAY 'gip
FEBRUARYS t962,
ADOPTED BY THE VILER GE COUNCIL OF THE VILLAGE OF RIC:JFIL-LD THIS 13TH DAY OF FEBRUARYg
I~2e
ATTEST s
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V ILLAGE C K