80-6322R
77
RESOLUTION NO. 6322
RESOLUTION RELATING TO RELEASE OF BOND
ON OFF-STREET PARKING
C&C Investments, Inc.
1301 Cambridge Street, Mpls, MN
Location:. 6500 Lyndale Avenue S.
Use: Restaurant - Wendy's
ATTEST:
WHEREAS, C&C Investments, Inc. 1301 Cambridge Street, had an
off-street .parking agreement with the City of Richfield relating
to 6500 Lyndale Avenue South, which contract bears the designation
of Contract No. 2268,. and which contract was guaranteed by an off-
street parking operator's bond in the amount of Eleven Thousand
Dollars ($11,000) on which the Capital Indemnity Corp. appears as
' surety, and
WHEREAS, said C&C Investments, 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 C&C Investments, Inc. to continue to .provide a bond for
security on the performance of said agreement.
NO~•~, 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 C&C Investments, Ines for any and all acts committed or
incurred in violation of`said Contract No. 2268, on and after the
13th day of October 1980.
Adopted by the city council of the City of Richfield this
13th day of October 1980.
r
n J. Prieb i~iayor