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1962-2926r 1 RESOLUTION NQ. 2926 RESOLUTION RELATINQ TO RELEASE OF BOND ON OFF~STREET PARKINQ WESTERN ©IL CO. 227~COLFAX AVENUE NORTH l.OOATIONa 6744 PENN AVENUE SOUTH• USEa QASOLINE SERVICE STATION WHEREASg WESTERN OIL COsg 227`.COLFAX AVENUE NORTHg MINNEApOLISg MINNESOTAa HAD AN OFF~+STREET PARKING AGREEMENT WITH THIS VILLAGE RELATING TO 6744 PENN AVENUE SOUTHg WHICC~1 CONTRACT BEARS THE DESIGNATION OF CONTRACT NO. 6488 AND WHICH CONTRACT WAS GUA~YANTEED BY A BOND 01'' TWE SEABOARD SURETY COMPANYg NEW YORKg NEW YORK' IN THE SUM OP' TWO THOUSAND (~2g000.0'0) DOLLAR SS AND WHEREAS, SAID WESTERN OIL Coo HAS SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF SAIBI AQREEMENT AND THE SEABOARD SURETY COMPANY NOW SEEKS TO BE RELIEVED OF ANY FURTWER OBLIGATION UNt'DER 8A10 BONDS AND WHEREA&~ THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID WESTERN OIL COMPANY TO CONTINUE TO PROVIDE A BONG FOR BECURITY ON THE PERFORMANCE OF SAID AGREEMENTo NOW TNEREFOREg BE tT RESOI,VEO BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFItELDg MINN~ EsoTA~ AS FoLLOWSa THAT THE VILLAGE MANAGER f8 HEREBY AUTHORIZED AND DIRECTED TO RELEASE. TILE SEABOARD SURETY COMPANY FROM LIABILDTY FAR ANY AND ALL ACTS OF WESTERN OIL CO. COMMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT No. 6486 ON AND AFTER THE 17TH DAY OF DEGEMBERg I9~o ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD THIS 17TH DAY OF DECEMBERg 1 1962 • ATTEST a i~~~ V LA(iE Cf,ERK -.. • ~ MAYORS NANA AER