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1963-2936r~.-~ 1 RESOE,UTI®N N®o. 2936 RESALUT ION RELATING TO RELEASE DF BOND ON ©FF~STREET BARKING Lo M• LOKEN 9110 LYNDALE AVENUE 50UTH LOCATIONS 7100 CWIGAGO AVENUE USES BNE 11 UNIT APARTMENT BUILDING WHEREAS,g L• Me LOKEN HAD AN OFF~BTREET PARKING AGREEMENT WITH THIS VILLAGE RELATING TO 7100 CHICAGO A~VENUEg RICHFIEIDg MINNESOTAg WHICM CONTRACT BEARS THE DESIGNATION OF APPLICATION Noe 61-418 CONTRACT NO. 6058 AND WHICH'CONTRACT WAS GUARANTEED BY A SOND OF TWE UNITED FIRE AND CA1suALTY COMPANYg AN IOWA CORpORAT10N~.IN THE SIM OF ~2g500o00g AND WHEREASg SAID Le M• LOKENg HAS SUBSTANTIALLY COMPLIED WITH THE PROV1810N8 OF SAID 1 AGREEMENT AND THE UNITED FIRE AND CASUALTY COMPANYy NOW 8EEK8 70 BE RELIEVED OF ANY FURS THER OBLIGATION UNDER SAID BONDg AND WHEREASg THERE APPEARB TO BE NO JUSTIFICATION FOR REQUIRING SAID L• M• LOKEN TO CONS TINUE TO PROVIDE A BOND FOR BECURITY ON THE PERFORMANCE OF SA1D AGREEMENT. NOW THEREFOREg BE IT RESAkVED By THE VILLA GE COUNCIL OF THE VILLAGE OF RICHFIELDg MINN~ ESOTAg A8 FOLLOW Si THAT THE VILLAGE MANAGER 18 HEREBY AUTHORl~ED AND 01RECTED TO RELEASE THE UNITED FIRE AND CABUALTY COMPANY FOR ANY AND ALL ACTS OF Lo M• LOKENS COMMITTED OR INCURRED IN VIOLATION OF SAID eONTRACT NOe 605A ON AND AFTER THE 14TH DAY OF JANUARYg 1963. ADppTED BY THE V1LIA GE COUNCIL OF THE VILLAGE OF RICHFiIELD THIS 14TH DAY OF oIANUARYg 1 1963. ATTEST s ' VIN. GE CLERK