1962-2920r
RESOLUTION N0. 2920
RESOLUTION REtATINQ TO RELEASE OF BOND ON OFF-STREET PARKING
LITTLE PRE88~ INC.
f~ 53 PENN AVENUE SOUTH
LOCATIONa 6253 PENN AVENUE SOUTH
UsEa PRINT SHOP
WHEI~AS' LITTLE PRE88~ INC•~ 6253 PENN AVENUE SOUTMs RIOHF'IELD~ MI NNESOTAs WAD AN OFFS
STREET PARKING AGREEMENT W1TW THIS VILLAGE RELATING TO 6253 PENN AVENUE SOUTHs WHICH CONTRACT
BEARS Tim DESIGNATION OF APPLICATION NO. 60 28~ CONTRACT N0. 610a AND WHICH CONTRACT VYAS
QUA RANTEEA BY A BOND OF THE AETNA CASUALTY AND SURETY COMPANY, MARTFORDs CONNECTICUT9 IN THE
6UM OF ~500i00,y AND
WHEREASs 8AID LITTLE PREBS~ INO, HA3 8UBSTANTIALLY COMPLIED WITW THE PROVISIONS OF SAID
AGREEMENT AND TWE AETNA CASUALTY AND SURETY COMPANYp NOW SEEKe TO BE RELIEVED OF ANY FURTWER
OBLIGATION UNDER SAID BONDy AN9
WHEREAS! TWERE APPEARS TO BE NO JUSTIFiCAT10N FOR REQUIRING SA18 LITTLE PRESS, INC . TO
~ONTINIIQ: TO PROVIDE A BONO FOR SECURITY ON TWE P~FORMANCE OF SAID AGREEMENT.
NOW THEREFORE BE IT RESOLVED B Y TWE VILLAGE COUNCIL of TWE VILLAGE OF RICWFIELOS MINN~
E80TAa AS F'OLLOWBa
THAT TWE VILIA GE MANAGER IS HEREBY Al1TW0RtZEt9 AND DIRECTED TO RELEASE TWE AETNA CA13UALTSf
AND SURETY COMPANY FROM LIABILI N FOR ANY AND ALL ROTS OF LITTLE PREBS~ INC.s COMMITTER OR INGURRI'~
IN VIOLATION OF SAID CONTRACT NO. 6t0y ON AND AFTER TFE IOTW DAY OF OECEMBER~ I962~
ADOPTIrI~ BY THE VILLAGE COUNCIL OF TF~ V 1 LLA GE OF R I CHF I ELD TH 18 IOTH DAY OF DEOEMBERm t9.
ATTESTa
w
VILL~Q CLERK
~~" MAYOR
MaNA R