Loading...
1963-3135r~~ 1 RE9DLUTION N0.3t35 RE90LUTION REI.ATINO TO REtrEASE OF BOND ON OFF«~STREET pARKINa PHILLIP6 PETROLEUM COMPANY 205 SOUTH 11TH STREET I.oCATtoNo 6120 EAST 78TH STREET - USEB •QA80LINE SERVICE STATION VdHEREAS9 PHILLIPS PETROLEUM COMPANY9 215 SOUTH IITH STREET~~MINNEAPOLISg MINNE SOTAa HAD AN OFF~»STREET PARKING AGREEMENT W9TH TH.18 VILLAGE RELATING TO (120 EAST 78TH STREETy WHICH CONTRACT BEARS THE DESIGNATION OF CONTRACT NOs 77Sg AND WHICH CONTRACT WA8 GUARANTEED BY A BOND OF THE .PENNSYLVANIA INSURANCE COMPANY PW~ILADELPHIAD PENN SYLVANIAs IN THE 8UM DF ~5,700v0A' AND WHEREAS, SAID PHILLIPS PETRpLEUM COMPANYg HAS SUBSTANTIALLY COMPLIED WITH THE PROS 1 VISION 6 OF SAID AGREEMENT AND THE PENNSYLVANIA INSURANCE COMPANY NOW SEEKS TO BE RELIEVED OP ANY FURTHER OBLIQATION UNDER SAID BONDp AND - WHEREASa THERE ApiEARS TO BE NO ,&19ST16•ICATION FOR REQUIRING SAID PHILL6P8 PETROLEUM TO OONTINUE ~T0 PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF SAID AGREE]1AEEVTm NOW THEREFOREs BE IT RE~L.VED sY THE VILIA GE GoUNCIL. of THE VILLAGE of RICI~IELOp MINNQ E$'>Y9TAg AS FDLLOwss THAT THE VILLAGE MANAGER 113 HEREBY AUTHORIZED AND DIRECTED TO RELEASE T69E PENNSYLVANIA ONSURd-NCE COMPANY FOR ANY ANb ALL ROTS Of PHILLIPS •PETROLEUM COMPANYy COMMITTED OR INCURRED IN VIOLATION OP eAID CONTRACT ND. 7788 ON AND AFTER THE 12TH DAY OF NOVEMBERS t963p A,DOPTt'ED BY THE VILLAGE COUNCIL. OF THE VILLAGE 0~' RICHFIELD THI'8 12TH DAY OF NOVEMBERe 1963 • ATTESTS ~~ ~ ' ~~r~~.~ V II LtA ©E 0~ ERK