1964-3226ra~
1
RE>~ LUT ION N0. 3226
RE>~I.UTfON RELATING TO RELEASE OF BOND ON OFF-STREET PARKING
I:UNOELL MACHINE ~ TOOL CO,
7726 PILLSBURY AVENUE SOUTH
C.OCATION4 7721 PILLSBURY~AVENUE SOUTH
USc^.L TOOL AND DIE SHDP
I1rHEREAS~ THE LUNDELL MACH'1NE & TOOL CO., 7721 PI LL86URY AVENUE SOUTHe HAD AN OFFS
STREET PARKING AGREEPoIEN7 WITH THIS VILLAGE RELATING TO 7726 PILLSBURY AVENUE SOUTH I&HICH
CONTRACT 8EAR8 THE DESIGNATION OF~CONTRACT N0. 84$~ AND WHCCH CONTRACT WAS GUARANTEED BY
A BOND OF THE FIDELITY AND CASUALTY COMPANY OF NEW YORKe NEW YORK, IN THE SUM OF $1000.00,
AND
WIfREASr RAID LUNDELL C~~ACHINE $ IDOL C0~ WILL NOT CONSTRUCT AN ADDITION TO TWE BUILDING
1
LOC14tSD AT 7721 AI LLSBUP.V AVENUE SOUTH AT THIS TIME, AND
I~HEREAS~ THERE APPEARS TO BE NC JUSTIFICATION FOR REQUIRING SAID LUNDELL MACHINE AND
TOOL COQ TO CONTINUE TO PROVIDE A CONTRACT AND BOND FOR SECURITY ON THE PERFORMAI~C E OF
SAID AGREEMENT.
N06Y THEREFORE, BE IT RE~LVED By THE VILLAGE COtsvCIL OF THE VILLAGE OF RICHFIELUe
MI NNESOTA~ AS FOLLOWSp
THAT THE VILLAGE MANAGER IS HE RE 6V AUTHORIZED AND DIRECTED TO CANCEL CONTRACT N0. 848
AND TO RELEASE THE FIDELITY APJD CASUALTY COMPANY OF NEVI YORK FROM LIABILITY FOR ANY AND
ALL ACTB OF LUNDELL MACHINE 8o TOOL COMPANY COMMITTED OR INCURRED IN VIOLATION OF SAID
CONTRACT N0. 848 ON AND AFTER THE 8TH DAV OF JUNEm 69640
ADOPTED BY THE VILLAGE COUNCIL THIS 8TH DAV OF JUNES 6964•
ATTEST s
VILLA GEC ' RK
MAYO R
MAN GER