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#122 03-20-62 Accept Adeline Terrace Agreementk ,y Resolution No. 122 March 20, 1962 Member Flannagan introduced the following resolution and MOVED its adoption; RESOLUTION (Adeline Terrace Agreement) WHEREAS, Adeline Oys and Robert Boller, first parties; Manual R. Binder and Ruth Binder, second parties; and the Village of Golden Valley, third party, have heretofore entered into an agreement which has been duly executed on behalf of the Village by its proper officers pursuant to instructions of this Council, which agreement relates to Adeline Terrace and neighboring properties, and a true and correct copy of which agreement is hereto attached and by this reference made a part hereof and which agreement bears date of 1961, AND WHEREAS, the Village Council of the Village of Golden Valley is desirous of implementing and fulfilling its obligations under said agreement; NOW, THEREFORE, BE IT RESOLVED by the Village Council of the Village of Golden Valley; 1. That all of the terms of said agreement affecting it are hereby accepted and agreed to, including specifically but not exclusively the terms of Paragraphs 4, 5, 7, 9 and 10 of said agreement. BE IT FURTHER RESOLVED, AND IT IS HEREBY AGREED by the Village Council of the Village of Golden Valley that the outlot referred to in Paragraph 4 of said agreement shall not be dedicated, nor at any time used as part of the right-of-way of Adeline Lane, a street in said "Adeline Addition", nor as a right-of-way for any purpose whatever, and said outlot shall never be condemned or taken for right-of-way purposes by the Village of Golden Valley. BE IT FURTHER RESOLVED by the Village Council of the Village of Golden Valley that it hereby grants unto Manual R. Binder and Ruth Binder, their heirs, successors and assigns forever, a waiver respecting the setback requirements for any addition which may be made in the future to the present homestead of said Manual R. Binder and Ruth Binder so that the setback of said future addition to said homestead shall be permis- sable if the same corresponds to the existing east line of said homestead. BE IT FURTHER RESOLVED by the Village Council of the Village of Golden Valley that all actual costs in the District Court of Hennepin County and in the Supreme Court of the State of Minnesota accruing to it and arising as a result of the action referred to in said agreement, be and the same hereby are waived. b Resolution No. 122 (Continued) BE IT FURTHER RESOLVED by the Village Council of the Village of Golden Valley that said Manual R. Binder and Ruth Binder, as princi— pals, and the named corporate sureties are hereby released from any and all liability pursuant to any bonds executed by either of them in the proceedings in the District Court of Hennepin County or in the Supreme Court of the State of Minnesota, referred to in said agreement. BE IT FURTHER RESOLVED by the Village Council of the Village of Golden Valley that, subject to the performance of any other provisions of said agreement, all of the parties to the action referred to in said agreement are hereby released, discharged and acquitted from any and all claims, demands, actions or causes of action in any way arising out of the controversy with reference to the platting of Adeline Addition. E Mayor Attest: r.�rr.r~.wni r Village Clerk The motion for the adoption of the foregoing resolution was duly seconded by Member Teresi and, upon vote being taken thereon, the following voted in favor thereof: Bies, Flannagan, Nadasdy, Scherer, and Teresi; and the following voted against the same: None, whereupon said resolution was declared duly passed and adopted, signed by the Mayor and his signature attested by the Village Clerk. L J