78-5989R110
RESOLUTION N0. 5989
RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING
Richfield State Agency, Inc.
6625 Lyndale Avenue South
Location: 6600 Grand Avenue South
Use: Retail Stare -.Sale of Jewelry.
WHEREAS, Richfield State Agency, Inc., 66.25 Lyndale Avenue South, Richfield,
Minnesota, had an off-street parking agreement with the City of Richfield,
relating to 6600 Grand Avenue South,-which .contract bears the designation of
Contract No. 2200,. and which contract was guaranteed by a bond of the AID.
Insurance Company (Mutual)., Des Moines, Iowa, in the amount of $2,000, and
WHEREAS, Richfield State Agency, Inc. has complied with the provisions of
said agreement and the AID Insurance Company (Mutual) now seeks to be relieved
of any further obligation under said bond, and
WHEREAS, there appears to be no justification for requiring Richfield State
Agency 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 the
AID Insurance Company (Mutual), Des Moines, Iowa, for any and all acts of Richfield
State Agency, Inca, committed or incurred in violation of Contract No. 2200
on and after the 23rd day of October, 1978.
Adopted by the City Council of the City of Richfield this 23rd day of October,
1978.
ran ~. Law ~ ~ ~1ayour
ATTEST:
Thomas J. Mora City Clerk