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RESOLUTION NO. 76 - 20
RESOLUTION AUTHORIZING DISMISSAL OF CLAIMS
UNDER AGREEMENTS AND AGAINST BONDS
WHEREAS, the City has been provided with certain bonds
written by the Summit Insurance Company guaranteeing to the City
the performance and payment of certain items in connection with
development of Donnay's College Park, Donnay's Valley Park, and
Donnay's Valley Park 2nd, 3rd, 4th, 5th, 6th, 7th and 8th Addi-
tions, and has entered into certain development contracts for
public improvements and park land dedication in connection with
said subdivisions; and
WHEREAS, pursuant to an agreement with First Wisconsin
National Bank of Milwaukee dated April 5, 1976, the City has
agreed to release said bonds and all obligations under said
development contracts.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of
the City of Lakeville, County of Dakota, State of Minnesota, that
the City of Lakeville does hereby release and discharge all bonds
written by Summit Insurance Company with respect to Donnay's
College Park, Donnay's Valley Park and Donnay's Valley Park 2nd,
3rd, 4th, 5th, 6th, 7th and 8th Additions, including without limi-
tation Summit Insurance Company Bond Nos. 8127, 8128, 8129, 8130,
8131, 8132, 8133, 8134, 8135, 7684, 7791, 7792, 7793, 7794 and
5-1393.
BE IT FURTHER RESOLVED, that all requirements in develop-
ment contracts for public improvements and park land dedications
in Donnay's College Park, Donnay's Valley Park and Donnay's Valley
Park 2nd, 3rd, 4th, 5th, 6th, 7th and 8th Additions have been
satisfied, and the City of Lakeville hereby releases and discharges
all obligations under said contracts.
Attest:
Unanimously approved April 19 , 1976.
Clerk
Mayor
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