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1966-3647r~.~ 1 1 RESOLUTION N©•3647 RESflLUT ION RELAT IN© TO RELEAsSE OF BOND ON DEVELOPMENT OF SMIEJA'S ' 3Rfl AflD I T I ON. ~ V ILU1(~E RLAT NO• t52 CONTRACT AI~Os 427 THOMAS SMI:EJAs DEVELOPER ., WHEREASi MR• THOMAS $MIEJAs 611 EA BT 68TH STREETi MAD A DEVELOPERS AARE~MENT .WITH THE V-lLLAAE 1 OF R I CHF IEID ~NOtM -THE G I TY~ FOR. THE D~fIELOPMENT -0F SM IEJA ~ 8 3RD ADD I T I ONE NFI I CH CONTRACT BEARS TWE DESIANA710N OF' CONTRACT NO. 427 AND WHICH CONTRACT WAS AUARANTEED BY A BONG OF THE ST• RAUL FIRE AND MARINE INSURANOE COMPANY IN AN ORIAINAL.AIViOtINT of ~3~4E1q•p.0y WHICH WAB REDUCi~D TO $200.00 BY PREVIOUS RESOLUTIONB~ AND WHEREAS, MRS THOMAS SMIEJA HAS SUB87ANTIALLY COf~PLIED MI{TH THE.pROVISIONB OF 8AilD AGREEMENT AND~jkif: ST• PAUL FIR& AND N~ARINE INSURANCE COMPANY NOW 6EEK8 TO BE RELIEVED bF ANY FURTHER OBLIAA^ TION WNDER SAID BONDS ANp .- .WMEREAS~ TtO:RE APPEAR8 TO ~ NO JUBT(FIC~ATION FOR REQUIRING SAID THOMAS BMIEJA TO CONTINUE TO P~SVI.DE A BOND FOR SEOURITY oN' THE PERFORMAN¢IC flt* BAIO AciREEMEt~1T• NOYI.THEREFORE, BE IT RESOLVED BY THE C1TY CDUNCrL of 71~ CITY of R1cHFIELDi MINNEBDTA~ A8 F©t~.~lwss ~ . THAT TLS': CITY OF RICHFIELD DOES HEREBY ,ANp tHRatJ<MI~E~ CITY IIANAAER~ FULLY RELEASE AND DIS- CHARAE.THE ST• PAUL`FIRE AND~MARiNE INSUrTANC~ COMPANY FROM ANY AND ALL OBLIAATION$ UNDER THE-Ap'ORE~- 8AID ~RETY BQN©• PA88ED BY THE CITY COUNCIL OF THE CITY OF RICHFIELD THIS-8TH DAY OF AuDWSr, 1966• ATTESTa ~ °~ MAYOR C f TY C ERK. (LOCATED 394.7 N• OP CL 68TH STREET Tb 162.9 S• OF , CL 68TH STREET~.PDRTLAND AVENWE ro ~ BLOCK E. OF OAKLAND AVENWE~ _~ ;~