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1962-2917r
~~ RESOLUTION N0, 2917 RE90 LUT ION RELAT IN 0 TO REl.EA$E OF 6©NA Q'N OFF~TREE T PARKING CLARK OIL &REFININQ CORPORATION 8530 WEST NATIQNAL AVENUEg MILWAUKEE WISC• LOCATION! 6244 PENN AVENUE SOUTM USED GASOLINE SERVICE STATION WHEREASs CLA~tK OIL do REFINING CORPORATIONg $530 WEST NATIONAL AVENUEg MIL.WAUKEEy WOSm CONSINg HAD A~1 OFF~STREET PARKINQ AGREEMENT WITH THIS VILLAQE~RELATING To 6244 PENN AVENUE SO UT Hg WH1CH CONTRACT BEARS THE RESIGNATION OF APPLICATION NOo 6Zp1~ CONTRACT N0. 7OOg AND WHICH CONTRACT WAS GUARANTEED BY A BONb OF THE SEABOARD SURETY COMPANYs IOQ 1MILLIAM S9'REE9'g NEW YORKs NEW YORKg BN THE SUM OF ~Ig000o00g AND WHEREASa SAID CLARK 01L do REFININQ CORPORATIONg HAS SUBSTANTIALLY COMPLIED WITH THE 1 PROVISIONS OF RAID AGREEMENT AND THE SEABOARD SURETY COMPANYg NEW YORKg NEW YORKg NOW SEEKS TO BE RELIEVED OF ANY FURTHER OBLIGATION UNDER SAID BONDg ANO WHEREASg THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRINQ SA 10 CLARK ®IL 8o RIEFINING CORPS ORATION TO CONTINUE TO PROVIDE A BONA FOR SECURITY ON THE PERFORMANCE OF SKID AGREEMENT. NOW THEREF®RE~ BE IT RESt1LVEfl BY Tt~ VILLAGE COUNCIL OF TWE VILLAGE t~' RoCHFOELDg MINNSSOTAg A8 FOLLOWS! THAT THE VILLA GE MAtdAQER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE SEAEtOARp SURETY COMPANY FROIi. LIABILITY FOR ANY AID ALL ACTS Orf CLARK ®IL 8a REFINING CORPORATI ONe COMMITTED OR INCURRED fN VIOLATION OF SAID CONTRACT NO. 7008 ON AND AFTER THE IOTM DAY OF flECEMeERy B9~@ ADOPTED BY THE VILLAGE COUNCIL OF THE VILLA GE OF RICHFIELD THI~ 10TH 9AY OF DECEMBERy 196~,p 1 A TTESf s Vlt,1.,AG CLERK