Loading...
1962-2888r RESOLUTION NDe 2888 RESOLUTION RELATING TO RELEASE OF B©ND ©N.tJFF~STREET PARKING LYLE Ce ©TTO 2930 PARK AVENUE L~ATIONg 7527 TO 7545 PENN AVENUE USER FOUR 7 UNIT APARTMENT BUILDING8 6YHE~ASs MRs LYLE Co OTTOe 2930 PARK AVENUEs MINNEAPOLIS MINNE80TA~ HAD AN OFF~BTREET PARKING AGREEMENT WITH TH18 VILLAGE RELATING TO 7527 TO 7545 PENN AVENUt:~ WHICW CONTRACT BEARS THE DE6IGNATION OF APPLICATION NOe 58°'t7~ CONTRACT NOo 447, AND WHICH CONTRACT WA 8 E3UARANTEED BY A BOND OF THE WESTERN SURETY COMPANYe SIOUX FALL Ss SOUTH'~AKO7A: IN THE 8UM OF FOUR THOUSAND FIVE HUNDRED (~4,500~00) 190LLARSs AND - WHEREAS, SAID LYLE Ce CTTO HAS SUBSTANTIALLY COMPLIED WITW TWE PROVISIONS OF RAID AGREE MENT AND THE WESTERN SURETY COMPANY NOW 8EEK6 TO BE RELIEVED OF ANY FURTHER OBLIGATION UNDER SA 10 BONDS AND WHEREAS, TMERE APPEAR a TO BE NO JUSTIFICATION FOR REQUIRING SAID LYLE Co 0TT0 TO CONTINUE TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCt; OF 8A1D AGREEMENTi NOW THEREFOREs BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD MINNa E80TAs AS FOLLOW88 THAT THE VILLAGE MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE WESTERN SURETY COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF LYLE Co OTTO,y COMMITTED OR INCURRED IN VIOLATION OF RAID CONTRACT NOo 447s ON AND AFTER THE 12TH DAY OF NOVEMBERS I962e ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD TH18 12 TH DAY OF N OVEMBERy r9r~2e ATTESTS CY GJ~ `~//' ~ VtLLAQE C RK ~ t ~ MAYOR MF~NA