83-6717R4'L
RESOLUTION NO. 6717
RESOLUTION RELATING TO RELEASE OF BOND
ON OFF-STREET PARKING
Bolt Electric, Inc.
7344 Cedar Avenue
Use: Electrical Contracting Service
WHEREAS Bolt Electric, Inc., 7344 Cedar Avenue, Richfield,
Minnesota, which contract bears the designation of
Contract No.2271, and which contract was guaranteed by an
off street parking operator's bond in the amount of Four Thousand,
Seven Hundred Dollars ($4,700.00) on which the Western Surety
Company appears as surety, and .
WHEREAS, said Bolt Electric, Inc. 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 Bolt Electric, Inc. to continue to provide a bond for security
on the perf ormance 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 Bolt Electric, Inc. for any and all acts committed
or incurred in violation of said Contract No. 2271, on and after
the 14th day of February, 1983.
Adopted by the city council of the City of Richfield this
14th day of February, 1983.
ATTEST:
Syl a K. Ber h, City C k