1962-2714r1~9
RESOLUTION NO• 2714
RESOLUTION REI.ATINO TO REE~EASE OF BOND ON OFf'..STREET PARKiNt3
LYLE C• OTTO
2980 PARK AVENUE
E.OCAT10Ni 6701 PENN AVENUE
USEi OFFICE BUILDINQ
gIHEREA3~ f.YLE C• OTTO~ 2930 PARK AVENUI:~ NlINNEAPOLiS~ MINNESOTA9 HAD AN OFF43TRBICT
PARKINQ AtIREEIIIENT WITH THIS VILLAQE RELATINQ TO 6701 PENN AVENUE SOUTtis WHICH EONTRACT
BEARS T1~'DESIGNATION OF CONTRACT NOe 498 AND WHICH CONTRACT WAS QUARANTGED BY A BOND
OF THE WESTERN SURETY Cpes SIOUX FALL 3A S• IIAKegtN.THE SUTA [~&' $2~000e0Oa AND
WI~REAS~ SAID LYLE C• OTTO HAS SUBSTANTIALLY COMt~.IED WITH THE PROVISIONS OF SAID
AQREEAIENT AND THE WESTERN SURETY COe~ NOW SEEKS TO BE RELIEVED OF ANY FURTHER OBLIGAT6ON
UNDIeR SA t D BLVD ~ AND '
WHEREAS THERE APPEARS TO BE NO JUSTiFiCAT10N FOR REQUIRINQ SAID LYLE C• OTT® TO
CONTINUE TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF SAID A4REEMENTe
NOW THEREFOREs BE IT RESOLVED BY THE VILLA QE COUNflIL OF THE VI~LAQE OF RiCHF1ELD~
f~INNESOTAs AS FCLLOWSS
THAT THE VIILA~ 61ANAQER IS HEREBY AUTHORIZED An!D DIRECTED TC RELEAS'E THE ANCHOR
CASUALTY COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF IvYLE C. OTTO COWlMITTEO 6R
{NCftRRED INCU¢IRED !N VIOLATION OF SAID CONTRACT NOe 498y ON AND AFTER THE 23RD DAY OF
APRILy 195~e
ADOPTED BY THE VILLAQE COUNCIL. OF THE VILLAQE OF RI~.HFIELD Tt11S 23RD DAY OF° APRILe
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