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~~ <br />CITY OF NOR'I'I~i OLMSTED <br />RESOLt?TION No. 62 - ,~_____ <br />c <br />By <br />RESOL TION RELEASING FROM ALL LIA;~3ILITY THE <br />PRI ItiCI ~?ALS A~vT3 SURETIES ON CERTAIN PERFORMANCE <br />BONDS HERETOFORE POSTED BY THE OHIO SNORES <br />CONSTRUCTION CJRPOi~Art"ION FOR TE~~E COMPLETIOi~ OF <br />VARIOtJS IMP:kOVEMEi~TS IN OHIO SHARES SUBi~IVISIOi~? <br />NOS. 1, 2, 3, 4, AND 5 AND '-iECLARIJ~' G AN <br />EMERGENCY <br />WHEREAS, certain performance bonds as herein- <br />after set forth were posted with the city of ;'forth Olmsted, Ohio, <br />to cover the completion of certain improvements in Ohio Shores <br />Construction Corporation Ohio Shores Subdivisions Nos. 1, 2, 3, 4 <br />and 5; and <br />bi7HEREAS, the City Engineer has reported to the <br />Council that all improvements required to be made by the Ohio <br />Shores Construction Corporation in Ohio Shores Subdivisions Nos. <br />1, 2, 3, 4, and 5 have been completed in compliance with the plans <br />and specifications heretofore approved for said Subdivision. <br />NOW, TItEREFORE, BE IT RESOI:,VE13 by the Council <br />of the City of North Olmsted, State of Ohio: <br />Section 1: That the following bonds: <br />1. Performance Bond dated July 26, 1957 with the <br />Maryland Casualty Company as surety and Ohio Shores <br />Construction Corporation as principal to the City of <br />North Olmsted, Ohio, in the sum of $1,900.00 covering <br />the construction of sidewahks on A?~ibour Drive in the <br />City of North Olmsted in Ohio Shores Construction Cor- <br />poration Subdivision No. 1. <br />2. Performance Bond dated Iv1ay 27 , 1958 with the <br />Maryland Casualty Company as surety and Ohio Shores <br />Construction Coreoration as principal to the p=ity of <br />North Olmsted, Ohio, in the sum of $1,500.00 far <br />construction of sidewalks on A~7.bour Drive in the <br />City of North Olmsted in Ohio Shores Construction <br />Corporation Subdivision hTo. 2. <br />3. Performance Bond dated September 22, 1959 with <br />the Firemans Fund Insurance Company as surety and Ohio <br />Shores Construction Corporation as principal to the <br />City of North vlmsted, Ohio, irr the sum of $3,250.00 <br />for the construction of sidewalks on Ambour thrive in <br />the City of worth 7lmsted in Ohio Shores Construction <br />Corporation Subdivision No. 4. <br />4. Performance Bona. dated November 7, 1960 with the <br />Firemans Fund Insurance Company as surety and Ohio <br />5h ores Construction. Corporation as principal. to the <br />City of Iviorth Olmsted, Ohio, in the sum of $580.00 <br />for the construction of 1160 lineal feet grading in <br />street rinht of way in the City of North Olmsted in Ohio <br />Shores Construction Corporation Subdivisions Nos. 4 and <br />5; <br />which are on deposit with the City of North Olmsted, be and the <br />same are hereby released and discharged, and the principal, Ohio <br /> <br />