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1962-2894r
'~ RES(.LUTI®N NO• 2894 REI~LuT10N RENTING TO RELEA~ OF BOND ON f3FF~-FrTREET Pf4RKINQ BURTON F• MEYERI§ 480F3 KN03~ A~6EN13Ps S®UT&I LOCATIONS 3001ai005 BEST 6TH STREET U~.S DAIRY QUEEN ~l1NERE,A~fl BURTON F~ MEYERSs 4808 KNOX AVENUE SOUTFIy HAD AN OFF~STRiET PARItING AGREEQ VENT I& I Ti~! THIS diLLAGE RELATING TO 3001~a300a VlE~T 68TH STREET' WHICH CONTRACT BEARS THE LE;SIGNRTION QF d°i(9N7RACT N0. 5~0, AND VYHICH CONTRACT WAE GUARANTEED BY A BOND OF THE COl9~MER°" CIAL INSUFiA"dCE COMPANY OF NEWARK, NEW .Ic.RSEY~ IN THE StSA9 OF' ~3'S00~009 AND WHEREA:,a ~61D BURTON F• MP:YER13 HA5 SUBSTA{dT1ALLY COMPLIED WITH THE PROVSi0N8 OF SAlD AGR~EI4L~'N'E ANC Ta?F. £~OMPotERCIAL INS+.IRANCE COMWANY NOW SEEKS TO BE RELIEVEIh OF ANY FURTwE:R OBLI+ GATIt"RI U!V©F,R SAID BG.~!D~ ANp VYIIERE'AS, THERE APPEARB TO BE NO .I~."ST IFICATIO~! FOR REt1UiRING SAID BIiRTON F. M~.1tERS TO CtiNTINUE 7U Ps3JV10E A BONG FOR SECURITY ON THE PERFORMANCE OF SAID AGREEMENT• NO~d THEREFGRE a BE IT RESOI.VEfl BY TIHE V I I..IJI GE COUNC IG~ OF THE V 1 LLAGE OF RI CHF I ELE~s MI d~3N'° ESOTAe A~ ~OC.LOw~a Tt~~ee TwE °.lII.,L.AGE MAs\{AGER BS wERE:BY A"vTHOR1~ES1 ANtS DIRECTED TO RELEASE TH!~ COMMEROIAIa INSURANCE COMI~ANY FROM LIABILITY FOR ANY APp ALL ACTS OF BURTON F• MEYERS~ COMMITTED OR DN~* CJRRED IN ~VIO~.ATION OF RAID CONTRACT NO• 3I®fl ON AND A~°TER THE 12TH DAY OF NOdEMBERs 1962p ADOPTED ELY Tr'~ 4°IL6AGE 4bC)CINCII~ OF THE dILP.AGE~ Oi'r RICFIFIEL4 THIB 12TH DAY OF NOdEMBERy 190 ATTEST S ~~~ a ~'ILI~kGE 'InERIS --~-~_~ PA4YI~R MAN QER