1966-3690r~~~
RE~LUT ION NO. 3690
RESOLUTION RELATFN(3 TO RELEASE OF BOND ON OFF-STREET PARKING
VETERAN 8 OF FOREIGN WAR E
FREp BABCOCK Posr No• 5555
X10 LAKE,BHORE DRIVES RICHFIELD
LOCATIONx 710 LAKESFIORE DRIVE
US'EII CLUBHOUSE
IpWEREAS~ VETERANS OF FOREIGN WAR8~-FRED BABCOCK P08T NO. 5555s 710 LAKESHORE DRIVEs RICHFIELDp
b11NNESOTA+ HAO AN OFF-ST6iEET PARKING AGREEMENT WiTN'fHE CtTY OF RIO,FIFIELD RELATING TO 710 lAKE8HORE
DRIVEe WHICM CONTRACT SEARS THE DESIGNATION OF CONTRACT NO. 799 AND WHICH CONTRACT WAS pUARANTEED
BY A BOND OF THE HOME OWNERS INSURANCE GOMPANY~ CHICAGO, ILLIN018~ IN .THE SUM OF 12,000.00 AND
WHEREAS, SAID VETERANS OF FOREIGN IAIARS~ FRED BABCOCK POST ND• 55551 HA8 8U68TAN71ALLY COMPLIED
WITH TWE PROVISIONS OF SAID AGREEMENT AND THE HOME OWNERS INSURANCE COMPANY NOW SEEKS TO BE RELIEVED
OF ANY FURTHER OBLIGAT-ION UNDER .6AID BONDS AND
WHFR EASs THERE APPEAR8 TO HE NO JUSTIFICATION FOR REQUIRING SAID FRED BABCOCK P08T NO. 5555 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 RICHFIELOy MIN NE SOT Ay AS
FOLLOW 8°a
THAT THE CITY MANAGER 18 HEREOY AUTHORIZED AMD DIRECTED TO RELEASE THE HOME OWNERS INSURANCE
COMPANY FOR ANY AND ALL ACT8 OF THE VETERANS OF FOREIGN WAR By FRED BABCOCK POST ND• 5555, COMMITTED
OR INCURRED IN VIOLATION OF SAID CONTRACT NO. 799 ON AND AFTER THE 12TH DAY OF SEPTEMBERe 1966.
ADOPTED BY THE CITY COUNCIL TH18 12TH DAY OF SEPTEMBER' 1966,
AT TEST e
CITY C RK
C.a~ ~ ~~~
~~ MAYOR