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1963-3042rr,.-, ~~~ RE90 LUT 10 N Nei x3042 1 REtATIN~ 7L1 REtEA$E OF BOND ON OFFeSTREET PARKINS DIETRIGH~FRANCII3 COo INCA 1496 UNITY DRIVE N® L®cATIONa 5OO AND 51~ E. '3RD STREET i USEa TtiIO 23 UNIT APARTBdENT BUI~.DINSS WMEREAS9 DIETR1CFiaFRANCBB CO. INCog HAD AN OFFWSTREET PARBSINO AGREEBRENT WBTH THIS VII.tA SE RE6,ATINS T® 500 AND 51~ E, 7'3RD STREETD WHICH CONTRACT BEARS THE DESBSNATION OF CONTRACT N®~ 719 AND WHICH CONTRACT WAS OUARANTEE4 BY A BOND OF THE UNITED PACIFIC INS suRANCE Co~PANY~ TACOneAg ~'ASHBNt3T®N IN THE SuBa OF $~D000,04g AND WHEREASa&~10 DBETRICH~FRANGIS CO. INCo HAS SUBSTANTIA9.B.Y COBAPI>IED WITH THE PROVISIONS OF SA B © ASREE4~NT AND THE UN 1 TED PACIFIC 1 NSURANCE CO~PABUY NOW SEEMS TO BE REI.1 EVfED OF ANY FURTHER OBLISATION UNDER SAID BOND' AND WHERE6-Sa THERE APPEARS TO BE NO JUSTIFICATION FOR REQUBRINO SAID OBETRICId~FRANC113 CO,~O 1 INCo TO CONTINUE TO PROVIDE A BOND FOR BECURITY ON THE PERFORMANCE OF SAID ASREEAAENTo NO fN THERE RE' BE 1 T RE9D tVED BY THE V 1 LlA(IE COUNC 11. OF THE V I4.e.AA QE OF R 1 CHFI EI.I-a MI NN~- ' E80TAs As FoL~OW~s THAT THE VILLA OE MANAGER BS HEREBY AUTHORISED AND DIRECTED 9b ~EL.EABE THE UNITED PACIFIC INSURANCE COABPANY FROAA LIABILITY FOR ANY AND ALL ACTS OF DIETRICH~FRANCBS Cps BNC~ CO&IBdITTED OR INCURRED IN b1OLATION OF SAID CONTRACT NOS i19~ ON AND AFTER THE 24TH DAY OF JUNEb Ig63a ADDATED BY THE VILLAaE COUNCIL TH18 24TH DAY OF JUNE, 19639 1 ATTESTa V l t .. (IE . CLERB~ ~ - 1nJ -. ,...~.e.=.. I~Yt1R Ili, A t~R