1964-3217r
1
RESOlUT90N NOo 3217
RESOLUTION RELATING TO RELEASE OF f~ND ON OFF-STREET PP,cRKiNG
Le Me tOKEN
92445 RAVER RIDGE BLVDe ~ SA VAGE'MINNe
LOCATIDN~ 6614 13 TM AVENUE SOUTH
USES ONE 10 UNIT APARTMENT BUILDpNG
WHEREASi MRe Ls M• 9:O KEN: 12445 RIVER RIDGE BLVDog SAVAGEe MINNESOTAg HAD AN OFF'°
STREET PARKING AGREEMENT WITH THIS VILLAGE RELATING TO 6694 13TH AVENUE SOUTHg WHICH
CONTRACT BEARS THE OESIQNATION OF CONTRACT NOo 7838 AND WHICH CON TRACT WAS GUARANTEED
BY THE UNITED FIRE & CA SUALTY COMPANYg 810 FIRST AVENUE Ne Eeg CEDAR RAPIOSg tOWAg tN
THE SUM OF TWO THOUSAND FIVE HUNDRED ($2g500o00, DOLLARSg AND
WHEREAS SAID ~e Mo LDKEN HAS SUBSTANTIALLY COMPLIED WITH THE PROVISBONS OF SA10
1
AGREEMENT ANO THE UNITED FIRE do CA BUALTY COMPANY NOW SEEKS TO BE RELIEVED OP ANY FURTHER
OBLIGATION RIDER SAID 80NOg AND
WHEREAS THERE APPEARS TO BE NO .IUSTIFpCATION FOR REQUIRING SApD Lo Mo LOKEN TO
CONTINUE Tp PROVIDE A BOND FOR SECURITY pN THE PERFORMANCE OF SApD AGREEMENTp
NOW THEREFORE, BE IT RESOLVED BY THE VILLAGE Coaavc9a, of THE VILLAGE of RICHFIELDg
MINNES70A~ AS FOLLOW $S
THAT THE VILLAGE MANAGER IS HEREBY AUTHORISED AND DIRECTED TO RELEASE THE UNITED FIRE
do CA SUALTY COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF Le M, LOKENa COMMITTED OR INa
CURRED IN VIOLATION OF SApD CONTRACT Noe 783 ON AND AFTER THE 25TH DAY OF MAYa I964o
ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RpCHFIELO THIS 25TH DAY OF MAYg
9964.
ATTESTS
~~~~
UtLLA CLERK
MAYOR
~'
MA A GER