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1963-3102r58 1 RE80 tl1T 10 N NO a 3102 RE~C1ktyTtON RELATING TO RELEASE OF BONG ON OFFrSTREET PARKING ALEXANDER Me BARAQ 1276 UNIVERSITY AVENUE STe PAULD MINNESOTAe LDCATION~ 2720D 273#1 da 2740 We 66TH STREET USES THREE 23 UNIT APARTMENT BUILOINQS WHEREASp ALEXANDER Me BARAC, 127b UNIVERSITY AVENUEp STe PAUL 4a MINNESOTAg HAD AN OFFS STREET PARKING AQRI:EMEN1 WITH TH18 VILLAQE RELATINQ TO 2720p 2730 AND 2740 WEST 66TH STREETp WHICH CONTRACT BEARS THE DESIQNATION OF CONTRACT NOe 684p AND WHICH CONTRACT II~A S QUARANTE~D BY A BOND OF THE AGRICULTURAL INSURANCE COMPANYS WATERTOWN9 NEW Y©RKp IN THE SUM OF ~12p©OO.OOa AND WMEREASp 80110 ALEXANDER. Me BARAC HAS SUBSTANTIALLY COMPLIED WITH THE PROVISIQNS OF SAID AQREEN~NT AND THE AGRICULTURAL INSURANCE COMPANY NOW SEEKS TO BE RELIEVED OF ANY FUE2THER OB14 LIQATION UNpER SAID BONDS AND WHEREIkBa THERE APPEARS TO BE NO Jf,JSTIFICATICN FOR ('tEQUIRINQ SAID ALEXANDER Me BARAC TO CONTINUE TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF SAID AQRE03~4ENTe NOW THEREFO RED BE 1T RESOLVED BY THE VILLAQE COUNCIL OF THE VILLAQE OF RICHFIELD® MINN~* ESOTA~p AS FOLLOWSS THAT THE VILLAeE IIANAQER IS k1EREBY AUTHORIZED AND DIRECTED TO RELEA8E THE AQRICIJLTURAL INSURANCE COMPANY FRflM LIABILITY FO it ANY AND ALL ACT8 OF ALEXANDER Ile BAR~1Cp COMMITTED CR INCURRED IN VIOLATION OF SAID CONTRACT NOe 6034p ON AND AFTER THE 9TH DAY OF SEPTEMBERp 18b3p ADOPTED BY THE VILtA QE COUNCIL OF THE VILIA QE OF RICHFIELD THIS 8TH DAY OF SEPTEMBERp /9b3o ATTESTs ~~~~~ ~lrc~C V 1 ttA t~ RK ~~ r~ ~ ~~~ ~~~ MAYO R IIANO R