1963-3086r,.. -- 42
RESO LUT t0 N NO a 3086
RESDl.UTION R.EtA.TING TO REtE~1SE OF BOND CN OFF..STREET PARKING
CHARLES CONSTRUCTION COr
2519 dOPI~A AVENUES ST. t:0U1 S PARIe
IOCATIONB 2000 EAST 66TH STREET
USED ONE 15 UNIT APARTMENT BUILDINp
(NINE I~B~Re 8o SIX 2oe~R.,
WHEREAS, CHARLES C®N&TRUCTIDN C®as 2519 JoPPA AVENUE, ST, LDU1S PARtee MI NNE~TA,
WAD AN OFF~STREET PARICINp AGREEMENT WITH THIS VILLApE RELAT1Np TO 26~OD EAST 66TH STREET,
WHICH CONTRACT BEARS THE DE61pNAT10N N0. X64 AND WHICW CONTRACT WAS 4UARANTEEO BY A BOND
OP' THE TRAVELERS INDEMNITY COMPANYs HARTFORDy CONNECTICUT, IN T HE SUM of ~3s50Qo®0 AND
YYHEREASs SAID CHARLES CONSTRUCTION COe HAS SUBSTANTIALLY CUMPI.IED WITH THE PROVISIONS
OF SAID ApREEMENT AND THE TRAVELERS INDEMNITY COMPANY NOW SEEKS TO BE RELIEVED OF ANY
FURTHER OBLtpATION UNDER SAID BOND, AND
WHEREASt THERE APPEARS TO 3E NO JUSTIFICATION FOR REQUIRINp SID CHARLES CONSTRUCTION
COMPANY TO CONTINUE TO PROVIDE A BOND FOR ~CURITY ON THE PERFORMANCE OF SAID AOREEMENTe
N0~ THEREf~7RE, BE IT RESOLVED BY THE VILLAQE COUNCIL of THE VILLAGE of RICHFIELDy
MI NNE SDTAf A S FQLLOW SS
THAT THE VILLApE MANApER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE TP.AVELeRS
INDEMNITY COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF CHARLES CONSTRUCTION COo COMMITTED
OR INCURRED IN VIOLATION AF SAID CONTRACT NOe 7648 ON AND AFTER THE 26TH DAY OF AUGUST,
1963
ADOPTED BY THE VILLApE C®uNDIL~Off' THE VILLApE of RICHFIELD TH16 26TH DAY ®~ AUIIUSTy
1963 ~,
ATTESTS
VIkLAGE C EC RK
h~iPO
MANAGER