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1966-3599r~~ RESOLUTI ~N NU. 35+~J RESOLFITION RELATING TU RELEASE ©F BON© ©N JiJNGFlL & JOHNSEN~~ iST AODIT10~1 VILLAQE•PLAT N®.,t62` CONTRACT NO. 538` JtJNQELL ~ JOHNSENg ©EVELOPERS MIHEREASg JWNQELL & JOHNSENg 382$ VINCENT AVEI11CaE SO4iTMg ~MIAINEApOLISg - MINNESOTA HAD A ©EVELOf ERoS AGREEMENT WITH THE VJLLAAE OF RIC~HFIELD~ NOW THE CITYg RELATING T® JUNBELL 1: JOHNSEN~S 1ST ADDIT.ID'Nf WHIGf9 CONTRACT ~EAR8 THE DESIQNATION OF CONTRACT N0. 538 AND WHICt:i CONTRACT--WAS ®IiARANTEED BY A BOND OF TFiE SEABOARD $ttRETY COMPANYy NEW YORYCg NRW YORKg ,IN T:kiE AMOCJNT OF $2g300•~©' AND WHEREAS g SA I D JWNt~ELL & JOHNSON HAS SClBSTAI+IT IALLY' GOMPL i ED W I TH THE PROVISFONS OF SAI® AEiREEMENT AND THE SEABOARD S4fRETY COMPANY NOW SEEKS T© BE RELIEVED OF ANY FI;IRTMER 0BL18ATION Ii1NDER 9AID a©:NDg AND bVHEREASg THERE APPEARS TA BE NO dk1STIFICATl~T~ FOR REQl~11tIN6 sAiD JBNOELL & JOHNSEN T® GONTII~BE T© PROVIDE A BAN® FAR SEC~IRITY ON THE PERFORMANCE OF SAID AIsiREEMENTo NUW THEREFOREg BE OT RES©LVEfj BY THE CITY GOI.INCIL 8F THE CITY OF RICHEIELDg i~11N'NESOTAy AS FOLLOW88 THAT THE CITY MAMADER IS HEREBY AUTHORIZED AND DIF2ECTED T6 RELEASE THE SEABOARD SURETY COMPANY F®R ANY AND ALL CLAIMS AGAINST JIJNeELL It JOHNSEN AR I S I NQ Glts1UER OR BY REASON OF SAID CONTRACT l~O. 538 ON AND AFTER THE I 1 TH DAY OF' APRILg 8966. ADOPTED ®Y THE C I TY 1;041NG I L OF THE G ! TY OF 'It ICHF IELD TF11 S I I TH ®AY OF APRILg 196fi. ATTEST> 0.~.~ a 1 ~