1962-2848r131
RE~LUTI®N N®• 2848
RElATIN G TO RELEASE O~ SON13 ON OFF-STREET PARKING
LYLE BUILDER 6, INCe
2901 PARK AVENUE
LOOATIONg 6328 AND 6344 CEDAR AVENUE
USES Two 11 UNIT APARTMtNT BUILD1N38
l9HEREAS~ LYLE BUILDERS, INC• HAD AN OFF-STREET PARTYING AGREEMENT w1TH THIS VILLAGE
RELATING TO 6328 AND 6344 CEDAR AVENUES RICHFIELDS MINNESOTAe wHIGM CONTRACT BEARS THE
DESIGNATION OF APPLICATION Noe 60-39, GDNTRACT Noe 621 AND wHIGH CONTRACT wAS GUARANTEED
BY A BOND OF THE MARYLAND CASUALTY COMPANY, BALTIMORE' MARYLAND, 1N THE AMOUNT OF THREE
THOU S4ND FIVE HUNDRED (~3,5OO~G0} QOLLARS, ANO
WHEREAS, SAID LYLE BUILDERS, INCe~ HAS SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF
1
SAID AGREEMENT AND tHE MARYLAND GASUALTY COMPANY NOw SEEKS TO BE RELIEVED OF ANY FURTHER
OBLIGATION UNDER SAID BOND' AID
WHERER5s THERE APPEARS TO BE NO JUST IFICA710N FOR REQUIRING LYLE BUILDERS, ING• TO
OONTINUtI; , PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE ~ SAID AGREEMENTe
NGW THEREFQRE, BE 1T RESOLVED BY THE V1LItR GE COUNCIL OF THE VILLAGE OF RIGHFIELOp
h91 NNE eOTA~ A S FOLLOwSB
THAT THE VILLAGE MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE MARYLAND
CAS~JALTY COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF LYLE BUILDERS, INGe OOMMITTED OR
INCURRED IN VIOLATION OF SAID CONTRACT Noe 621, ON AND AFTER THE 24TH DAY OF SEPTEME~ERy
i G62 e
ADOPTED BY THE VILLAGE COUNCIL OF TFE VILLAGE OF RICHFIELD THIS 24TH DAY OF SEPTE'MBERy
19b2 •
ATTESI'0
.~ ,
VIL GE OLERK