1966-3707r~~
RESOLUTION NO• 3707
RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING
ROBERT A. KELLER
400 WESTWOOD DRIVES MINNEAPOLIS
LOCATION. 7636-7644 CEDAR AVENUE
I,ISE: ONE 23 AND ONE 17 UNIT
APARTMENT BUILDING
WHEREAS ROBERT A. KEILER~ 400 WESTWOOD DRIVEy MINNEAPOLI8~ MINNESOTAs HAD AN OFF~STREE'i'
HARKING AGREEMENT WITH THE VILLA GE OF RICHFIELD NOW THE CITY RELATING TO 7636p7644 CEDAR IkVENUE~
WHICH CONTRACT BEARS THE DESIGNATION OF CONTRACT NO. 745 AND WHICH CONTRACT WAS GUARANTEEO~BY
A BOND OF THE TRINITY UNIVERSAL INSURANCE COMPANYy 2000 ROSE AVENUEi DALLAe~ TEXAS, IN THE SUM
oR $61000,00, AND
WHEREAS BALD ROBERT A• KELLER WAS SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF SAID AGREE
MEAT AND THE TRINITY UNIVERSAL INSURANCE COMPANY NOW SEEKS TO BE RELIEVED OF ANY FURTHER OBLIGATION
UND ER SAID BOND' AND
WIiEREA>ss THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID ROBERT A• KELLER TO CONFINUE
TO PROVIDE A BOND FOR SECURITY ON THE foERFORMANCE OF SAID AGREEMENT.
NOW THEREFOR EA BE IT RESOLVED BY THE CITV COUNCIL OF.TWE CITY OF RICHFIELDa MINNESOTAy A S
FOLLOWSa
THAT THE CITV MANAGER t8 HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE TRINITY UNIVER SAL
INSURANCE COMPANY FOR ANY AND ALL ACT8 OF ROBERT A, KELLERg COMMITTED OR INCURRED IN VIOLATION OF
SAID CONTRACT NO. 745 ON AND AFTER THE LOTH DAY OF OCTOBER' 1966,
ADOPTED BY THE CITY COUNCIL THIS 10TH DAY OF OCTOBERt~ (966,
ATTESTa
MAYOR
~i°~~'
C ITY ERK