1964-3249r~~
1
RESOLUT ION 'N0. 3249
REBJ LUT ION RELAT tNQ TO RELEASE 0 F BOND ON 0 F'F-STREET PARKtNQ
APCO OIL CORPORATION
314 BAKER BUILDINQ~ MINNEAPOLIS
LOCATIONS 817 EA ST 66TH STREET
USEi QABOLINE SERVICE STATION
WHEREAS APtia OIL CORPORATION' 3t4 BAKER BUiLDINQs MINNEAPOLIS MINNESOTA WAO AN
OFF~STREET PARKING AQREEMENT WITH THIS VILLAQE RE LA NQ~$17 EAST 66TH.STREET~ NIgi1CH.::•
~'"~
CONTRACT BEARS THE DESIQNATION OF CONTRACT N0. 747 ANO ICH~ONTRACT WAS QUAFIANTEEO BY
~~ ~
A BOND OF THE ~IETNA CASUALTY ANO SURETY COMPANY OF FIARTFORD~ ONNECTICUT~ lIV THE 5UM OF
.~
THREE THOUSAND.(~3'000~00~ flOLLAR8i AND ~
WHEREWS~ SAID ApCO OiL CORPORATION HA a SUBSTANTIALLY COMPLIED WITH THE PROVISION 8 OF
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eA1-D AQREEMEN7 AND THE AETNA CASUALTY AND SURETY COMPANY OF HARTFORD CONNECTICUT NOW SEEKS
TO BE RELIEVED OF ANY FURTHER OBL.IQATtON UNDER SAID BONO~ AND
WHE~tEAS~ THERE APPEARS TO BE NO JUSTIFICATION FOR REQUtRPNQ~S41D APCO OIL CORPORATION
TO CONTtNl9E 10 PROVIDE A 80ND FOR SECURITY ON THE PERFORMANCE OF SAID AOREE'IAAENT.
NOW ThIEREFOREa BE PT R~$OLVED BY THE VILLAQE CDUNCiL flF THE VILLAQE OF RICMFIELD~ MINN~
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ESDTA~ AS FOLLOVISS
THAT THE VILLAQE MANAQER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE`THE AETNA CASUALTY
AND SURETY COMPANY FROM LiABiLITY FOR ANY AND ALL ACTS OF APCO OIL CORPORATION COMMITTED OR
INCURRED tN VIOLATION OF SAID CONTRACT N0. 7479 ON AND AFTER'THE f3TM DAY OF JULYS 1964.
ADOPTED BY THE VILLAQE COUNCIL OF THE VILLAQE OF RICHFIELD, MINNE SOTA' THIS 13TH DAY OF
m
JULYS 1964.
~_
M~4Y0R
hT TEST i
V ICLAQtiICLERK