1962-2914r;~~
RESOLUTION N®• 2914
RESOLUTION RELATING TO RELEASE OF BOND ON OF'F~TREET PARKINQ _
WESTWOOD BUILf9ER8 CO.
712 2ND AVENUE SOUTH
LDOATIDNi 6237 PLEASANT AVENUE
USES ONE 18 ~1N1T APARTMENT BUILOINGs
WHEREAS9 WESTWOOD BUILDERS CO q 712 2ND AVENUE SOUTHg-.MINNEAPOL18g MINNESOTAa HAD AN
OFF~STREET PARKINQ AQREEMENT WITH THtS VILLAGE RELATING TO 6237 PLEASANT AVENUES WHICH
CONTRACT BEARS THE DESIGNATION OF APPLICATION Id0. 61-~6g CONTRACT N0. 679 AND WHICH OONTRACT
WAS GUARANTEED BY A BOND OF TI~E_~.8~'ij:''~~L'FIRE AND MARINE INSURANOE COMPANYy ST• PAULa MINi~
E80TAg IN THE SuM of ~3g000~O09 AND
WHEREASg SA1D WESTWOOD BUILDERS COg HAS AUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF
SAID AQREEMENT AND THE $T. PAUL FIRE AND MARINE INBURAN CE COMPANY NOW SEEKS TO BE RELIEVED OF
ANY FURTWER OBLIGATION UNDER RAID B ONDg AND
WHER~ASs THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING 6A1® WE8TWOOD BUILDERB COe
TO CONTINUE TO PROVIDE A BOND FOR eECURITY ON THE PERFORMANCE OF 8AID AGREEMENTo
NOW THEREFORE, BE IT RESOLVED BY THE VILLAGE CouNCIL of THE VILLAGE OF RICHFIELOg MINN~
E80TAD AS FOLLOWSE
THAT TWE VILLAGE MANAGER 18 HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE ST, PAUL FIRE
AND MARINE INSURANCE COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF WESTWOOD BUILDERS C~r•g
COMMITTED OR INC URRED ,IIU VIOLATION OF SAID CONTRACT NO. 6798 ON AND AFTER THE 10TH DAY OF
taECEMBERg 1962,
ADOPTED BY THE VILLAGE COUNCIL OF'THE VILLAGE OF RIOHFIELD TH18 LOTH DAY OF pECEMBERg
1962.
ATT E5T t
-~ ~~
VIkLAG CLERK
~ ~ ~~~
MAY@R
MANAGER