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1963-3158r~.~5 RESOLUTION NO0 3158 RESOtUTtON REtATIN(1 TO RELEASE OF 60N0 ON OFF-STREET PARKING flOLO EAGLE CORPORATION 4725 STATE HIGHWAY 7i MINNEAPOLIB~ MINN~ t00ATpON+ 1539 EA BT 66TH STREET USES LAtNUDRY 8o DRY CLEANINGo iNHEREAS~ @OLD EABt:E CORPORATIONs 4725 STATE HIGHWAY 9s MINNEAP01:I8~ MINN~lBO•TA~ HAD AN OFF-6TREET PARKING AGREEINENT WITH TH18 VILLAGE RELATING TO 1537 Eo 66TH STREETe WHICp~ CONTRACT BEAW.B THE OB8IGNATION OF CONTRACT N0. 635: AND WH10H CONTRACT WA 8 GUARANTEED BY A BOND OF THE AETNA CA BUALTY AND SURETY COMPANY HARTFORDS CONNEGTIOUTs IN THE 8UbA OF ~5s000~00~ AN4 WHEREAS GOLD EAGLE CORPORATION HA8 SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF SAID AGREEMENT AND THE AETNA CA8UALTY AND SURETM COMPANY NOW SEEKS TO BE RELIEVED OF ANY FURTF~'R OBLIGATION UNDER BALD BONDS AND WHEREAS THERE APPEARB TO BE WO JUBTIFICATiON FOR REQWIRtNG SAID L30LD EAGLE CORPORATION TO CONTINUE RO PROVIDE A BOND FOR BECURpTY ON THE PERFORMANQE OF SAI-D AGREEMENT. NO1~ THERE FO RE, BE IT RE50 tVEO BY TH6~ VILLAGE COUNCIL OF THE VILLAGE OF RICWFIELD~ MINN- EBOTA~ A8 FOLLOW 8a THAT THE VILLAGE MANAGER I8 HEREBY AUTHORISED AND DIRECTED TO RELEASE THE AETNA:~'~d8tif51.TY Ait1~3~~~13~<~NYs' FOR ANY AND ApnL ACTS OF QOLD EAGLE CORPORATIONS ON AND AFTER THE 23RD DAY OF OECEMBER~ COMMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT NOo 635 AD©PTED BY THE VILLAGE COUNCIL, AE' THE VILLAGE OF RICHFIELD THIS 23RD DAY OF I9ECEMBERP laa3. ATTESTa V t1.tA QE~ RK ~..~ _ c9-~..~-s-~-~ MhYOR i' MA QER