1962-2889r~_ _~
1
RESOLUTION NOo 2889
RESOLU TION RELA,T 1 NQ TO RELEASE OF B0N1) ON C FF-~TRE,ET .PARKIN
A • Ge BOGEN CO.
1006 IsT NATIANAL S00 LINE BUILDING
ROGATIONS 1400 EAST 78TH STREET
UeE! QAeOLINE SERVICE STATION
WHEREAS, Ae Qo BOGEN COe~ 1006 18T NATIONAL S00 LINE BUILOING~ MINNEAPOLIB~ MINNE80TA~ HAD
AN OFF~STREET PARKING AGREEMENT WITH TH18 VILLAGE RELATING TO 1400 EA BT 78TH STREETS WHICM GONTRAOT
NOe 487, AND WHICH CONTRACT WA8 GURANTEE<S BY A BOND OF THE HARTFORD ACCIDENT AND INDEMNITY CO,~
HARTFORDg CONNECTlCUTy IN THE 8UM OF THREE THOUSAND ($3~000.00)~ AND
WHEREASs 8AID Ao Go BOGEN HA8 SUBSTANTIALLY 60MpL1E0 WITH THE PROVISIONS OF SAID AGREEMENT
1
AND THE HARTFORD ACCIDENT AND INDEMNITY CO,~ NOW 8EEK8 TO BE RELIEVED OF ANY FURTHER OBLIGATION
UNDER SAID BON09 AND
WHEREAS THERE APR:ARB TO BE NO JUSTIFICATION FOR REQUIRING 8AID Ae A• BOGEN CO , TO CONTINUE
TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF SAID AGREENE NT•
NOW THEREFOREs BE IT RESOLVEI9 BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD MtNNESOTAD
A6 FOLLOW BL
THAT THE VILLAGE MANAGER 18 H: RE BY AUTHOR I2 ED AND gIRECTED TO RELEASE TWE HARTFORD ACCIDEM1tT
AND INDEMNITY COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF Ae Q• BOGEN CO. COMMITTED OR INCURRED
IN VIOLATIQN OF 8AID CONTRACT N0. 487, ON AND AFTER THE 12TW DAY OF NOVEMBERS 1962•
A®OPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELn TH18 12TW DAY OF NOVEMBERS 1962.
A TTEST s
~~ ~~
VILLAG CLERK
MG1Y®R
111 GER