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82-6695R21 RESOLUTION N0. 6695 RESOLUTION RELATING TO RELEASE OF BOND ON OFF STREET PARKING North Star Bumper Exchange 1912 E. b6th Street Richfield, MN 55423 Location: 1912 E. E6th St. Use: Auto Parts Dealership Off Street Parking No. 81-11 Contract No. 2341 WHEREAS North Star Bumper Exchange, 1912 E. 66th Street, Richfield, Minnesota, which contract bears the designation of Contract No. 2341, and which contract was guaranteed by an off street parking operator's bond in the amount of One Thousand Dollars (51,000.00) on which .the Travelers Indemnity Company appears as surety, and WHEREAS, said North Star Bumper Exchange has substantially complied with the provisions of said agreement and now seeks to be relieved of .any further obligation under said bond,. and WHEREAS, there appears to be no justification for requiring said North Star Bumper Exchange to continue to provide a bond for security on the performance of said agreement. NOW, THEREFORE, BE IT RESOLVED by the city council of the City of Richfield, Minnesota, as follows: That the city manager is hereby authorized and directed to , release North Star Bumper Exchange for any and all acts committed or incurred in violation o£ said Contract No. 2341, on and after the 13th day of December, 1982. Adopted by the city council of the -.City o ~:chfield this 13th day of December, 19.82. ~ ~ ' ATTEST: ton, mayor Sy~9ia K.°Berg~, City , , er