1963-2964r- ~f®
RESOLUTION N0. 2964
RESOLUTION RELATINQ TO RELEASE OF BOND ON OFF-STREET PARKINQ
PHILLIP8 PETROLEUM.COMPANY
215 SOUTH 11TH STREET
LOCATIONS 2913 WEST 66TH STREET
Uel+! GASOLINE SERVICE STATION
WHEREASg PHILLIPS PETROLEUM COMPANYS 215 SOUTH 11TH STREETg MINNEApOL1$g MINNESOTAS
HAD AN OFF~TREET PARKIN4 AGREEMENT 1NITH 1111$ VILLAGE RELATING TO 2913 !NEST 66TH STREET'
WHICM CONTRACT BEARS THE DESIGNATION OF APPLICATION AtO. 62-9g CONTRACT N0~ 723m AND
WMICH CONTRACT WAS 4UARANTEED BY A BOND~OF THE. PENNSYLVANIA INSURANCE GOMPANY~ PHILADELPHIAg
PENNSYLVAN1Af IN THE B.UM OF ~3s500,00y AND
1NHEREAS~ SAID PHILLIPS PETROLEUM COMPANYg WAS SUBSTANTIALLY COMPLIED WITH THE PROVISIONS
OF 6AID AGREEMENT AND THE PENNSYLVANIA INSURANCE COMPAMfg NOW SEEKS TO BE RELIEVED OF ANY
FURTHER 08LIRATION UNDER SAID BON®~ AND
YIHEREASs THERE APPEARS TO eE NO JU8TIFICATION FOR REQUIRIN4 SAID PHILLIPS PETROLEUM
COMPANY TO CONTINUE TO PROVIDE,A BOND FOR SKCURtTY ON THE PERFORMANCE OF SAID AGREEMENT.
NOW THEREFOREg BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELDi MINN~
ESOTAg AS FOLLOW $5
THAT THE VILLA4E MANA4ER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE PENNSYLVANIA
IN BURANCE COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF PHILLIPS PETRO[EUM GOMPANYg
COMMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT NO. 723s ON AND AFTER THE 25TH DAY OF
FE>3RUARYg 1963
ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD THI$ 25TH DAY OF FEBRUARYS
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ATTEST t '~
MANA (iER
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V ILLAOE CLERK ._._~..~.__.