1962-2908r~®
1
~tESOLUT tON NOe 2908
RE50LUT1ON RELA TING TO RELEASE OF ESCROYI DEPOSIT ACCEPTED IN
LIEU OF SURETY BOND ON OFF•STREET BARKING
He M. SCHERLI.NG
4224 KING DRIVE
HOpKiNS' MINNESOTAe
COCATIONf 6311 CEDAR AVENUE
USE ! MACHINE SHOP
WHER~ASa H• M. SCHERLING~ 9224 KINGS DRIVES HOPItINS~ MINNESOTA HAD AN OFF^STREET
PARKINQ AGREEMENT WITH THIS VILLAGE RELATING TO 6311 CEDAR AVENUES WHICH BEARS THE DESIGNA^
TION OF l'f1PPLiCATION NO. 62^17~ CONTRACT Noe 737s AND WHICH CONTRACT WA8 GUARANTEED BY AN
ESCROW DEPOSIT IN THE TWIN CITY FEDERAL SAVINGS AND LOAN ASSOCIATION IN THE AMOUNT OF
X600,00, ANo
~HEREAS9 H• Me SCHERLINQ HAS SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF RAID AGREE
1
MEN T~ AND
~+HEREAS' THERE APPEARS TO BE NO JUBTIFIOATION FOR REQUIRING SAID H• M. SCMERLING TO
.CONTINUE TO PROVIDE AN ESCROW 4>EP081T FOR SECURITY ON THE PERFORMANCE OF SAID AGREEMENTe
NOW THEREFORE9 BE IT RESOLVEDa B Y THE VILIA GE COUNCIL OF THE VILLAGE OF RICMFIELDp
MIN NE 6pTAg AS FOLLOWSS
THAT THE VILLAGE hfl~-NAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE ABOVE DE«~
6CRIBED ESCROW DEPOSIT TO H• Me SCMERLING•
ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD THIS 26TH DAY OR' NOVEMBERy
t962o
ATTESTS
V 1 LlA ~1,f:RK