1964-3348r~_ ~~
RESOLUTtCN N0. 3348
RESOLUTION RELATING TQ RELEASE OF BOND ON OFF~rSTREET PARKING
SOCONY MOBIL CIL COa
606 VANDALIA STREETS ST. PAUL
LOCATIONS 7645 NICOLLET AVENUE
USES QASOLINE 8ERWICE STATION
NHEREASs SOCONY MOBIL OIL COMPANYS INC y 606 VANDALIA STREET, ST. PAULs MINNESOTA
HAD AN OFF~STREET PARKING AGREEMENT WITH THE VILLAGE OF RICHFIELD NOW THE CITYS RELATING
TO 7645 NtCOLLET'AVENUE SOUTMS WHICH CONTRACT BEARS THE DESIGNATION OF CONTRACT NO. 849,
AND WHICH CONTRACT WAS GUARANTEED BY A BOND OF THE CENTRAL SURETY AND INSURANCE CORPORATIONa
KANSA8 CITYS MISSOURIS IN THE 8UM OF $IOSOOO.OOs AND
NIHEREASi SOCONY MOBIL 01L CD. HAS SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF
SAID AGREEMENT ANA THE CENTRAL SURETY AND INSURANCE CORPORATION NOW BEEKS TO BE RELIEVED
OF ANY FURTHER OBLIGATION UNDER SAtO BONDS AND
WHEREAS THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID SOCONY MOBIL OIL
COMPANY TO QONTINUE TO PRaVIDE A BOND FOR SECURITY ON THE PERFORMANC E OF SAID AGREEMENT.
PLOW THEREFOREi BE IT RESOLUEO BY THE CITY CDUNCIL of THE CITY OF RICHFIELOS MINNESOraa
AS FOLLOW S9
TWAT THE CITY MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEA SE THE CENTRAL SURETY
AND INSURANCE CORPORATION FOR ANY AND ALL ACTS OF THE SOOONY MOBIL OIL COes COMMITTED OR
INCURRED IN VIOLATION OF SAID CONTRACT NO. 8498 ON AND AFTER THE 28TH DAY OF~DECEMBERS
1964.
ADOteTED BY THE CITY COUNCIL OF THE CITY OF RICHFIELD THBS 28TH DAY aF DECEMBERe 9964e
~~
~ NtAYOR
ATTESTS
v
Ct CLERK