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1962-2698r1~~ RESOLUTION NO4 2698 1 1,YLE BUILDERS INI:o 6701 PENN At-ENUE SOUTIi COCAT 1 ON 8 7244 PORTLAND ~9PENUE U~ 8 tFNE 11 t~+i I T A PARTAAENT BU 1 LD 1 A1Q IrHE1~EAS~ I.YLT% BUILDER 89 INC.D HAD AN 61FP'«STREET PAIII4INQ A@REE~ENT ITItTH THIS ~1LLARE WHEREAS 8AlD APARTAAlENT BUTLDINQ AM PARKINQ LOT RILL IdtTNt DE CONSTRtiCTEq QTY ~IETRICIp+- 1 NOS, TF~REFOREs BE IT RE~CVED 6Y TFE VILLAGE COUNCIL OF THE VILLAQE OF RiCHF1ELDp ii1NN- THAT TES VILLAQE IiANAQER 18 HEREBY AUTIiORiZt;D AND D R EGTED TO CANCEL CONTRACT NOe 628 Rf~SOEUTION REkATINO TO RELEASE pF GONTRACt AND BOND ON OFFS-STREIA PARK i1VD RELATIN4. TO 7244 PORTLAI~ A1tENt1E SOUi'HS TpHICH COati'RACT BEARS TEE DESIQNATION OF CONTRACT NO• 628 AND T~H16rEi CONTRACT LEAS eUARANTEED ~ A BONW ©F TEFE MARYLAND GASUALT'P COATpANYg A CCRpORAT10N OF BALTIMt7liEs INARYLANDy IN THE 8U~1 GF ~2a000o0O9 AND FRA~+ICIS COQ INCq 482 AIARKAY RIDQEp Ai1NNEAPOLIB~ ~IINNESOTAy INSTEAD ON LYLE BUILDERS' INCs ANta A CONTRACT AND BONG WA8 BEEN FURNI6HED BY TEIE ~IETRICH~'RANCIS COe~ INCe~ AND i1WEREASa THERE ApPEARB TO BE NO JUSTIFICATION NOR REQUIRINQ SAID tYLE BU1LDt5RFy tNC~ TO CONTINUE TO PROitID@ A CONTRAOT AND BO1~J FOR SECURITY ON THE PERFOR6AANGE OF SAID AQREE~AENTo E soTAA a s FOLLOTTr e: AND "RlELEABE THE AIARVLAND CAT3UALTY COMPANY FROTd LIABILI'T'Y FOR ANY AND ALL ACTS OF 'CYLE BUILDER Sp (.NCa CO[~IA~ITTED OR INCURRED IN YOOLATION OF SAID CotvTRACT NOp 628 ON AND AFTER THE 26Tk1 DAY ON I~RCEiy 1962$ ADT)pTET) BY Tt£ ViLLAQE COUNCIL THIS 26TH DAY OP' ~1ARCMs I962a 1 A TTESTi a 4 lirse VtELAt3E C RK, MAYOR +T~rua (~R