1963-3014r1
RESOLUTION NOe 3014
RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING
TRUSTEEB OF RICHFIELD AND
CENTURY LODGES
7615 I:DGAN AVENUE SOUTH
LOCATIONS 7601 LOGAN AVENUE SD•
Ups .PARKING I.OT
~WEREAS' THE TRUS1'EE8 OF RICHFIELD AND CENTURY CODGESg HAD AN OFF~STREET PARKING
AGREEMENT WITH TH18 VILLAGE RELATING TO 7601 LOGAN AVENUE SOUTHy WHICH CONTRACT BEARS THE
DESIGNATION OF ~iO11IT.RACT NO. 746 AND WHICH CONTRACT WAS GUARANTEED BY A BOND OF THE GLENS
FAI,LB INSURANCE COMPANY OF GLENS FALL Sy NEW YORK9 IN THE SUM oF' >~3a800.OOa AND
~HEREAS~ THE SPECIAL UBE PERMIT FOR A PARKING LOT AT 7601 LOGAN AVENUE SOUTH HAS BEEN
RELINQUISHED BY THE TRUSTEES OF RICHFIELD AND CENTURY LODGE By AND
6YHEREAS~ THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID TRUSTEEB OF RICHFIELD
~I
L~
AND CENTURY LODGES TO CONTINUE TO PROVIDE A CONTRACT AND BOND FOR SECURITY ON THE PERFORMANCE
OF SAID A®REEMENT•
NOWe THEREFOREg BE IT RESOLVE(} BY THE VILLAGE OOUNCIL ~ THE VILLAGE of RICHF'IELD9 MINN-
ESOTA~ A8 FOLLOW 58
THAT THE VILLAGE MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO CANCEL CONTRACT N0. 7~6
AND RELEA 8E THE GLENS FALLS INSURANCE COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF THE
TRUSTEEB OF RICHFIELp AND CENTURY LDOC1Ee, COMMITTED OR INCURRED IN VIOLA710N OF SAID CONTRACT
NO. 746 ON AND AFTER THE 13TH DAY OF MAYa 1963•.
ADOPTED BY THE VILLAGE COUNCIL THIS I3TH DAY OF MAYS 6963•
ATTESTS
a
VILIt#QE ERK
~~ -
MAYOR
MAN GER
~_ ~~