1965-3531r~~F~
RESOLU710N N0. 353)
RESOLUTION RELATING `f0 RELEASE OF ,BOND ON OFF•+STREET PARKING
- ~uICYLINE BUILDERS, INC.
2317 CENTRAL AVENUE N• E•
LOCATIONS 7701 4TH AVENUE SOUTH
USE! ONE 12 UNIT APARTMENT BUILDING
WHEREAS SKYLINE BUILDERS, INC., 2317 AEWTRAL AVENUE N• E•, MINNEAPOLIS MINNESOTA
HAD AN OFF~STREET PARK 1 NG AGREEMEN T WITH THE V-1 LLAGE OF R 1 CHF 1 ELD, NOW THE CITY, RELAT I NQ
TO 77,01 4TH AVENUE SOUTH,~WHICH C'DNTRAGT BEAR8 THE DESIGNATION OF CONTRACT NO. 836, AND
WHICH CONTRACT WAS GUARANTEED BY A BONG OF THE TRINITY UNIVERSAL INSURANGE~-COMPANY, 2000
RD SE AVENUE, DALLAS, TEXAS, IN T HE SUM OF THREE TWOU6AND TWO HUNDRED ($3,200~00~ ODLLARS~
fAND
WHEREAS, SKYLINE BUILDERS, I~NG•, WAS SUBSTANTIALLY COMPLIED WITH THE PROV1810NS ~DF
' ~ ~
SAID AGREEMENT ANn THE TRIN111'Y UNIVERSAL IN6U~iANCE COMPANY NOW SEEKS TO BE RELIEVED OF ANY
FURTHER OBLIGATION UNDER 8AID BONda AND
WHEREAS' TMERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID SKYLINE BUILDERS, INC.
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TO CbivTINUE TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF SAID .AGREEMENT.
IVOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RICHFIELD MINNESOTA,
AS FdLLONiSS
TMAT THE CITY MANAIGER 15 HEREBY AUTHORIZED AND b'IRt~CTED TO REL~Ab`E TI~~T-R=IN-I-Tx -UNIVERSAL
.~ ~ ~ - -
INSURANCE COMPANY FOR ANY AND ALL ACTS OF THE SKYLINE BUILDERS, I,NC•, COMMITTED OR INCURRED
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iCN V~I,OLATION 0F~ SAID CONTRACT NC. 836, ON A(~D AFTER THE 25TH DAY OF OCTOBER, 19,65.
ADOPTED 'BY THE CITY COUNCIL OF THE CITY OF RICHFIELD THIS 25TH DAY OF OOT08ER, 1965•
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' MAYOR
ATTESTS
C P TY ,L~ER~~K