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78-5943RRESOLUTION NO. 5943 ~3 RESOLUTION RELATING TO RELEASE OF BOND ON OFF STREET PARKING David J. Skramstad, DBA Dyna-Motive Inc. 3638. Cardinal Road, Minnetonka, Minnesota Location.: 7700 Portland Avenue South Use: Automotive Parts Sales and Automotive Machine Shop WHEREAS, David J. Skramstad DBA Dyna-Motive Inc., 3638 Cardinal Road, Minnetonka, Minnesota, had an off street parking agreement with the City of Richfield, relating to 7700 Portland Avenue South, which contract bears the designation of Contract No. 2235 and which contract was guaranteed by a bond of the Home Indemnity Company, Manchester, New Hampshire, in the amount of One Thousand ($1,000) Dollars,. and WHEREAS,. David J. Skramstad DBA Dyna-Motive Inc. has complied with the provisions of said agreement and the .Home Indemnity Company now seeks to be relieved of any further obligation under said bond, and WHEREAS, there appears to be no justification for requiring David J. ^kramstad DBA Dyna-Motive Inc. to continue to provide a bond for security n 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 the Home Indemnity Company, Manchester, New Hampshire, for any and all acts of David J. Skramstad DBA Dyna-Motive Inc. committed or incurred in violation of said Contract No. 2235 on and after the 28th day of August, 1978. Adopted by the City Council of the City of RicYa~ield this 28th day of August, 1978. "TTEST: Law Li ,>' Mayor %~ Thomas J. Mor City Clerk