229728V
ORIGINAL TO CITY CLERK
PRESENTED BY
COMMISSION
CITY OF ST. PAUL
OFFICE OF THE CITY CLERK
UNCIL ,SOLUTION— GENERAL FORM
COUNCIL NO'
FILE
WHEREAS, the City of Saint Paul is retaining $500.00
in connection with two contracts with Hurcon, Inc., the first
of which was for grading and paving Homer Street from Seventh
Street to Shepard Road, MSA Project No. 64- 220 -01, and the
second of which was for grading and paving of Mississippi Street
from Minnehaha- Avenue to York Avenue, MSA Project No. 64 -167-
01; and
WHEREAS, the. work has been completed, Hurcon, Inc., has
become dormant, and its bonding company United States Fidelity
and Guaranty Company, a Maryland corporation, has become
entitled to the retainage of $500.00 by virtue of an equitable
subrogation and assignment, and has offered to enter an.
indemnification agreement if the City of Saint Paul will tender
said retainage to it; now, therefore be it
RESOLVED, That the proposed Indemnity Agreement between
the City of Saint Paul therein referred to as "City" and United
States Fidelity and Guaranty Company therein referred to as
USF &G, approved as to form by the Corporation Counsel, be and
the same hereby is in all things approved, and the proper City
officers are hereby authorized and directed to execute said
agreement on behalf of said City;
RESOLVED FURTHER, That upon the
the proper City officials are hereby
remit to United States Fidelity and
retainage of $500.00.
/il.. a .►..
execution of said agreement
authorized and directed to
Guaranty Company, the
AUG 51966
COUNCILMEN Adopted by the Council 19—
Yeas Nays
e AUG 51966
A
Holland
*epe&M In Favor
Peterson Mayor
Tedesco 0 Against
Mr. President, Byrne 'PUBLISHED AUG 13 1986
Paz