1963-3101r1
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RE~LUTION Noe 3101
REStiLUT10N RElATINQ 10 RELEASE OF ENO ON OFF®STREET PARKINQ
BARAC CONSTRUCTION COMPANY
t276 UNIVERSITY AVEN69E
STe PAUL 4p MINNESOTA
LOCATIONS 2800 WEST 66TH STREET
Ups SELF~RVICE RESTAURANT
Y~WEREAS~ BARAC CONSTRUCTION COMPANYp t276 UNIVERSITY d1VENUEp STo PAUL 4p MINNESDTAp WAO~
1
AN OFF*~STREET PARK1Na AQREEMENT tIFITW THIS VILLAQE RELATING TO 2800 tYEeT 66TH STREETS WWICW
CONTRACT BEARS TWE DESIQNATION OF CONTRACT NOe 771 AND WHIOW CONTRACT WAS pUARANTEED BY A
BOND OF TWE WtIRICULTIJRAL INSURANCE CDMPANYp ~ATERTOWNa NEW YDRKp IN TWE SUM DF $6p000p00y AND
WHEREASp SAID EiARAC CONSTRt1CT10N COMPANY WA8 SUBSTAN`IIA6,LY COMPLIEC WITH TWE PROVISIONS
I
OF bA1D AtIREEMENT AND.TWE AQRICULTURAL INSURANCE CO&IPANY NOW SEEK6 TO BE RELIEVED OF ANY
FURTHER OBLIQATION UNDER SAID BONDp AND
WWEREASp THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRIN® RAID BARAC CONSTRUCTION COMA
PANY TO CONTINUE TO PROVIDE A BONG FOR SECURITY ON TWE PERFORMANCE OF SAID A®REEMENTe
NOW TMEREFQREp BE 1T RE~OCVEO BY TWE VILIEA6E COUNCIL OF TWE VILLAQE OF RICHFIELDp MINNw
ESDTAp AS FOLLOWSS
THAT TWE VILLAQE MANAQER IS HEREBY AUTWORIZED AND DIRECTED TO RELEASE TWE AQRICULTURAL
INSURANCE COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF BARAC CONSTRUCTION GOMPANYy COMMITTED
OR INCURRED IN VIOLATION OF SAID CONTRACT NOe 771p ON AND AFTER TWE 9TW DAY OF SEPTEMBERS 1963,
~-DDPTED BY THE VILLAQE COUNOIL OF TWE VILLAQE OF RICHFIELD `91108 9TW DAY OF SEPTEMBERp
r96~®
ATTESTS
V t A(tE CLERK
.~~