1962-2915r~_~
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RESOLUTION NQo 2915
RESOtUT BON REtAT ING TO RELEASE t3F BONfl ON QFF~TREET PARKING
MILLIMANdLAM81Na INCo
tOCAT I oN 86216 ANU 6220 mLI BIER ~kVENUE
USES TWO 6 UNIT APARTMENT BUILDINGS.
WHEREASB MILLIMAN-tAMBINp INCop HAD AN OFF-STREET PARKING AGREEMENT WITW THIS VILLAGE
RELATING T® 6216 AND 6220 ®LIVER AVENUE SOUTWp RICHFIELD MINNESOTA WHICH CONTRACT BEARS
THE ®ESIai~VAT1ON OF APPLICA710N NOs 60'-3Ba OON~'RACT N®o 602 AND WHIOH CONTRACT WAS GUARANTEE®
BY A BOND OF THE FIDELITY AND DEPOSE T COMPANY OF MARYLANDs BALT IMOREo MARYL,ANQs IN THE SLS9
DF $2~OOo0®s ANC
~HERER+Ss SAID MILLIMAN-tAMBINs 1NCo HAS SUBSTANTIALLY COMPLIED WITM THE PROVISIONS OF SAID
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AGREEMNT AND THE FIDELITY AND f9EPOSIT COhIPANY OF MARYLANDS NOW SEEKS TO BE RELIEVED OF ANY
FURTHER OBL12~iTI0N UNDER SAID BONDp AIV®
WHERE~4,S~a THERE APPEARS TO BE NO JUST BFICATION FOR REQUIRING SAID MiLLIMAN~l.AM91Ng 1NCo
TO CONTINUE TO PROVIDE A BOND FOR SEOURiTY ON THE PERFORMANCE OF SAID AGREEMENTo
N01ti1 THEREFOREa BE IT RESOLUE® BY THE VILLAGE COUNCit OF THE VILLAGE OF RICHF8EL08 MINN~
ESOTAa AS FOLLOWSB
THAT THE VILLAGE MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE FIDELITY AND
®EPDSIT COMPANY OF MARYLANDs FROM LIABILITY FOR ANY A11iD ALL ACTS OF MILLIMAN-tAMBINg INCog
COMMITTED OR INCURRED IN VOOLATION OF SAID CONTRACT NO• 6029 ON AND AFTER THE 10TH DAY OF
DECEMBERa 1962•
ADOPTED BY THm VILLAGE COUNCIL OF THE VILLAGE OF R9CHFiELD THIS IOTH DAY Oo OECEMBERg
Io
~. ~
MA°P OR
1
AT TEST s
VILLAGE LERK
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Mt~NA'QER