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RESOLUTION NO. --6.408
RESOLUTION RELATING TO RELEASE OF
BOND ON OFF-STREET PARKING
Lunds, Inc. (Rhoda S. Lund)
1450 West Lake Street
Location:. 6228 Penn Avenue South
Use: Super Market
WHEREAS, Lund's,Inc., 1450 West Lake Street,. Minneapolis,
Minnesota, had an off-street parking agreement with the City of
Richfield relating to 6228 Penn Avenue South, which contract
bears the designation of Contract No. 1007, and which contract.
was guaranteed by a bond of the Fireman's Fund Insurance Company,
San Francisco, California, in the-sum of $18,500.00, and
WHEREAS, said Lund's, Inc. has substantially complied
with. the .provisions of said agreement and now seeks to be re-
lieved of any further obligation under said bond, and
WHEREAS, there appears to be no justification for re-
quiring said Fireman's Fund Insurance Company 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 Lund's, Inc. from any and all acts committed or in-
curred in violation of said Contract No. 1007, on and after the
13th day of April, 1981.
Adopted by the City Council of the City of Richfield
this 13th day of April, 1981.
ATTEST•
yl •a K. ergh, City rk