82-6621R53
RESOLUTION NO. 6621
RESOLUTION RELATING TO RELEASE OF BOND
ON OFF-STREET PARKING CONTRACT
Name: Cardco Investments, Inc.
703 Hennepin Ave., Mpls., Minn.
Location: 6545 Penn Avenue
Use: Clark's Submarine Restaurant
WHEREAS, Cardco Investments, Inc., 703 Hennepin Avenue,
Minneapolis, Minnesota, had an off -street parking agreement with
the City of Richfield relating to 6545 Penn Avenue South, which
contract bears the designation of Contract No. 2280, and. which
contract was guaranteed by an off -street parking operator's bond
in the amount of Seven Thousand ($7,000 Dollars, on which the
Cardco Investments, Inc., appears as surety, and
WHEREAS, said Cardco Investments, Inc. has substantially complied
with the provisions of s-aid 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 Cardco Investments, Inc. 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 Cardco Investments, Inc. for any and all acts committed or
incurred in violation of said Contract No. `2280, on and after the
14th day of June, 1982.
Adopted by the city council of the City of Richfield this 14th
day of June, 1982.
ATTEST:
Syly' K. Be g City erk