1963-3139r~s
1
REED WT ION NO • 3139
RESOLUTION RELATIN® TO RELEASE '0F BOND ON OFF*~TREET PARKIN®
BORON CONSTRUCTIONp ENG°®
7700 I.OCIAN AVENUE &fUT11
I.OCATION$ 7428 LYNDALE AVENUE SOUTPJ
USEI< ONE Ira UNIT APARTMENT BUILDING
WFIEREASi BOR+~'fIN CONSTRUCTIONa INCog 7700 I.OtddMi AVENUE iOUTHy RICMFIELDg tdIINNEBDTA,q
HAD AN OFF+STREE;T PARKING A4REEMENT KITH TIiIS VILLAQE RELATINQ TO 7428 LYNDALE AVENUE St~9UTFdg
tIHICH CONTRACT BEARS THE DE816NATION OF CONTRACT NO. 4798 AND tlGWICH CONTRACT WAS pUARANTEEf~
BY A BOND OF THE EMPLOYERS LIA9ILITY ~SSURA,NCE CORPORATIONS 110 MILtS STREETg BOSTONg BIASS•s
1N THE BUI+i OF $3i000.,00g AND
IIHEREASg RAID BORON Ct1NSTRUCT1ONS INCo HAS 8UB8TANTIALLY C0~lPLIEO ~iITM THE PROV0810N8
1
OF SAID AaREEkIENT ANDT FIE T:tspLOYERS LIABILITY A88tlRANCE CORPORATION 0~ SEEKS 1'O BE RELIEVED
bF ANY FURTHER OBLIQATION UNDER SAID BONDg AND
SHEREASo TWERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRINQ BALD BORmSt3N CONSTRUCTIONg
INC•S TO CONTINUE TO PROV 1 DE A BOND FOR SECURITY ON T ME PERFOR~AANG E OF 8AI D AQREEMENT •
NO~t TMEREFOREs BE It RESOLVED BY THE VILLAQE COUNCIL OF THE VILLAQE OF RICHFIELDO IIINNm
ESDTAg AS FOLLOI~SS
TMAT TFE VILLAQE QIANAQER IS HEREBY AUTM6AE~E031ND DIRECTED TO RELEASE THE EN9PLOYER@
E.BABI&.ITY ASSURANCE 130RpORAi1~~ F0~1 ANY AND ALL ACTS OF BOR®SiON CONBTRUCTIONe INC•g COkIMITTED
OR INCURRED IN VIOLATION OF SAID CONTRACT NO. 4798 ON AND AFTER THE 25TH DAY OF NOVEAABERg
19630
ADOPTED BY THE VILLAQE ODUNCOL OF THE VILLAGE OF RIOHFIEB~D THOS 25TW DAY OF NOVENBERg
19630
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