1964-3317r~~
RESO LUT ION NO o 3317
1
RESflf.UT10N REtATINO TO RELEASE OF SIOVIN(IS ACCOUNT BOOK ACCEPTER
IN LIEU OF BONL9"i0'N OFF~$TREET P~A,RICINOe
As Qs BOGEN COs
5930 PORTLAND AVENUE SOUTH
f:DCATIONS 500 EA BT 78TH STREET
USE8 RESTAURANT
NWEREAS~ A. Q, BOGEN CO.a 5930 PORTLAND AVENUE seOUTHa MINNEAPOLISa MINNESOTA9 HAD AN
OFF~TREET PARKING AGREEMENT WITH THIS VILLAGE RELATING TO 500 EAST 78TH STREETy VYHIQIH
CONTRACT sEARS THE DESIGNATION OF CONTRACT NOe 803a AND WHICH CONTRACT WAS GUARANTEED BY
SAVINGS ACCOUNT BOOK NO, 33433, SHOWING AN AMOUNT OF ~69079e74 IN THE FaRST FEDERAL SAVINGS
AND LOAN A&SOCIATION~ I10 SiOUTH 7TH STREETS MINNEAPOLISg MINNESOTAg AND
NHEREAS~ SID Ae Qo BOGEN COO HAS SUBSTANTIALLY COMPLIED WITHT HE PROVISIONS OF RAID
1
AQREEMENt~AND
NHEREAS. THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID Ae Q• BOGEN C0v TO
CONTINUE TO PROVIDE A BONG FOR SECURITY ON THE PERFORMANCE OF SAID AGREEMENTe
NON THEREh~1REi BE IT RESO LVED BY THE VBLIA GE COUNCIL OF THE VILLAGE OF RICHFIELDe
M-NNESOTA, A8 FOLLOWif
THAT THE VILLAGE MANAGER IS HEREBY AU THORaZED AND DBRECTED TO RELEASE THE ABOVE ~DE°°
SCRIBED SAVINGS ACCOUNT BOOK TO THE Ae de BOGEN CO.
ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELDD MBNNESOTA THIS 26TH DAY
OF OCTOBERs 1964.
ATTEST i
V t LI.ADE LERK
~1Y0 R
MANA