1962-2929r~~
RESOLUTIr~N ND. 2329
RESOLUTION REtATINQ 70 RELEASE OF BOND ON BFF-STREET P~RKtNG
MILLIMAN•LAMBIN, INC.
LocaTloNa 6215~622t PENN AVENUE SOUrH
U6EE TWO b UNIT APARTMENT DUII.DINGS
WHEREASs MILLIMAN°LAMBIN~ INC.~738 LEST 66TH STREETy RICHFIELD+ MI NNESOTAa HAD AN DFF~
taTREET PARKING AGREEMENT WITH THIS VILLAGE RELATING TO 621522( PENN AVENUE SOUTH WHICH
CONTRACT BEAR8 THE DESIGNATION OF CONTRACT N0. 631 AND WHICH CONTRACT WAS GUARANTEED BY A
BONS OF THE FDpELITY AND DEPOSIT COMPANY OF MARYLANDs BALTIMORE MARYLANPi~ IN THE SUM OF
TWA THOUSAND (~2a000v00, t30LLAR6' AND
~IHEREASa SAID MILLIMANMLArdBIN' INC. NA8 SUBSTANTIALLY COMPLIED WFTH THE PROVISIONS OF
SAID AGREEMENT AND THE FIDELITY AND DEPOSIT COMPANY OP' MARYLAND NOW SEEKS TO BE RELIEVED OF ANY
FURTHER OBLIGATION UNDER SAID BONDS AND
WHEREAS THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING RAID MILLIMAN°kAMBIN9 tNCo
TO CONTINUB TQ PROYIDE A BOND FOR SECURITY ON THE PERFORMANCE OF SAID AGREE~NT.
NOW THEREFOREa BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE ~' RooHF1ELDg MINN®
EsoTa, As FoLLDwsa
THAT THE VILLAGE NtANAQER IS WEREBY AUTHORISED AND DIRECTED TO RELEASE THE F9DELITY AND
DEPOSIT COMPANY OF MARYLAND FRAM LIABILITY FOR ANY AND ALL ACTS OF MILLIMAN~+LAMB1NS INC.
COMMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT NO. 631y. ON AND AFTER `PHE 17TH DAY bF
®ECEMBER' 1962,E
ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE ~' RICHFIELD THIS 17TH DAY OF OECEMBERB
09620
~aT TEST a
~` c
VILLAS CLERK
~ -- ~~
MPcYS~R
NgNA ER