Loading...
1962-2767r~1 1 RESOLUTION NOs 2767 RESOLUTION REk.ATtNf3 TO RELEASE OF BOND ON OFF-STREEI' PARKINQ LYLE BUILDER SS ENCe 2930 PARd< AVENUE I,OGATION$ 420 EAST 73RD 87REET USES ONE II UNIT APARTMENT BUBLDINt3 WHE<REASs LYLE BUILDER SS INGe HAD AN OFF-STREET PARICIN® AGREEMENT WITH THIS 1~ILlAGE RELATIN(a TEb 420 EAST 73Rig STREETs RlCHFIELps MiNNESOTA~ YtklIP~1 CONTRACT BEARS THE UES{GNA- TION OF CONTRACT Noe 613 AND WHICH CONTRACT 19AS OUARANTEEi3 E3Y A BOND OF THE MARYIwAN6 CASUALTY COMPANYS A CORPORATION OF SALT!-MORES MARYLANDa IN TFIE SUM OF ~1,150eflOs AND WMERE&S~ ~tID LYLE BUiLOERiSS INCe HA8 SUBiiTANT1ALLY COMPLIED 1~ITW THE PROVISIOritS OF 1 SAID AGREEMENT AND THE MARYLAND CASUALTY COMPANYS NOW 6EEtCS TO BE RELIEVED OF ANY FURTHER 08L 1 QAT I ON C#NnER SAID BONDs Af~i3 WHEREASS THERE APPEARS T® BE NO .IUSTIFICATION FOR REQUIRIN® SAID LYLE BUILDERS INCe TO CONTINUE TO pR01i1DE A BOND FDR SECURITY ON THE PERFORMANCE CP' SAID AQREEMENTe NOW THEREFORE BE IT RESOLVED BY THE VILLAGE CouNe1L of THE VILLAGE DF RIOwF1ELD9 MINNESOTAS AS FOLLOWSS Tk1AT THE VILLAGE ~1ANAGER 118 HEREBY AUTHORIZED ANp DIRECTED TO RELEA~ THE P~IARYI.AND CASUALTY C©MPANY FROM LIABILITY FOR ANY AND ALL ACTS OF E.YLE BUILDER SS ING• COM~AITTED flR INCURRED IN VIOLATION 6F SAID CONTRACT NOe 613s ON AND AFTER THE 25TH DAY OF JUKES 1962. ADOPTED BY THE VILLA QE CpFJNCIL OF THE ViLLAQE OF RICHFIItiLD THl~ 25TH ®AY aF JUNES 1 1962 s ~iTTEST t ~~~ ~ a V tLL~6~ERK tJ..~ .~...-~~ NAYOR MAN ER