1965-3369r~,~ ..
RESOLUTION N0. 3369
RESOLUTION RELATING TO RELEASE OF BOND ON OFF~STREET PARKING
EARL ROSENGREN
220 LAWN TERRACES MINNEAPOLIS
LOCATION: 7034 CEDAR AVENUE SOUTH
UeES DAIRY STORE
WHEREAS' EARL ROSENGRENp 220 LAWN TERRACEs MONNEAPOLISe MINNESOTAs HAD AN OFF-STREET
PARKING AGREEMENT WITH THE VILLAGE OF RIOHFOELD~ NOW THE CITYS RELATING TO 7034 CEDAR
AVENUE SOUTHA WHICH CONTRACT BEARS THE DESIGNATION OF CONTRACT NOe 8679 AND WHICH CONTRACT
WA8 GUARANTEED BY A BOND OF THE AGRICULTURAL IN ~9RANCE COMPANY OF WATERTOWN~ NEW YORK9
IN THE SUM OF X390,00,008 AND
WHEREAS9 EARL RDSENGREN HAS SUBSTANTIALLY COMPLIED WITW THE PROVISION8 OF SAID AGREEm^
MENT AND THE AGRICULTURAL IN SURANCE COMPANY OF WATERTOWN NOW SEEKS TO BE RELIEVED OF ANY
FURTHER OBLIGATION UNDER sAID BONDe AND
WHEREAS9 THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID EARL ROS~NGREN TO
CONTINUE TO PROVIDE A BONG FOR SECURITY ON THE PERFORMANCE OF SAID AGREEMENT
NOW TWEREFORE9 BE IT RESOLVED BY THE CpTY CouNCIL OF THE CBTY OF RICWFIELDg MINNESOTA9
A S FOLLOWSB
TWAT THE CITY MFINAGER I B HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE AGRICULTURAL
INSURANOE COMPANY OF WATERTOWN9 NEW YORK, FOR ANY AND ALL ROTS OF EARL ROSENGI2EN9 COMMITTED
OR INCURRED I~t VIOLATION OF SAID CONTRAOT NO® 8679 ON AND AFTER THE 8TH DAY OF FEBRUARYS
19650
ADOPTED BY THE C ITY COUNCIL OF THE C I Tlt OF RI CHFI EL13 THIS STN DAY OF FEBRUARYS 19650
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MAYOR
~1TTESTB
C! TY CLE