1966-3730r-~.'~~
i
RESOLUTION N0. 3730 --
RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING
MINNEAPOLIS~RICHFIELD AME RJCAN
LEGION Po sT No. 435
6501 PORTLAND AVENUE $OUTH
LOCATIONa 6501 PORTLAND AVENUE SOUTH
UBE s CLUB Houma
WHEREASs MINNEAPOLIS~*RICHFIELD AMERICAN LEGION POST NO. 435 6501 PORTLAND AVENUE SoUTHs
HAO AN OFF~$TRQET PARKJNQ AGREEMENT WITH THE CITY OF RIOHFIELD RELAT{NQ TO 6501 PORTLAND AVENUE
SOUTM~ WHICH CONTRACT.-BEARS THE DESIQNATION OF CONTRACT NO. 639 AND WHICH CONTRACT WA6 GUARANTEED
BY A BOND OF THE AMERICAN CASUALTY COMPANY OF READfNGi PENN SYLVANIA~ IN THE 8UM OF TWO THOUSAND
02,000.00) DOLLARS AND
WHEREA$~ SAID MINNEAPOLIS^RIOMFIELD AMERICAN LEGION POET NO. 435 WAS SUBSTANTIALLY COMPLIED
f
WITH TWE PROtlI810NS OF SAID AGREEMENT AND THE AMERICAN CASUALTY COMPANY NOW SEEKS TO BE RELIEVED
OF ANY FURTHER OBLIGATION UNDER SAID BONDS AND
WH~REAS~ THERE APPEAR8 TO BE NO JUSTIFICATION FOFI REQUIRING MINNEAPOLI8~RICHFIELD AMERICAN
LEGION POST N0. 435 TO CONTINUE TO PROVIDE A BOND FOR SECURITY ON TWE PERFORMANCE OF SAID AGREEm
MENT~
1NOW THEREFOREs BE IT RESOLVED BY THE CITY COwuCIL of THE CITY OF RICHFIELD MINNESOTA' AS
~.
FOLLOW Si
THAT THE CITY MANAGER 1S HEREBY AUTWORIZ ED ANO DIRECTED TO RELEASE THE AMERICAN CASUALTY
i
COMPANY OF READINGS PENNSYLVANIAy FOR ANY AND ALL ACTS qF THE MINNEAPOLIS~+RICMFIELD AMERICAN
LEQIOM POST NO• 435 COMMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT N0. 639 ON AND AFTER
THE 24TH DAY OF OCTOBERS 1966.
A
ADOPTED BY THE CITY COUNCIL OF THE CITY OF RICHFIELD MINNE SOTAs THIS 24TH DAY OF OCTOBERy
1960 •
ATTESTS
~ ~A - ~'~
MAYOR
CITY CLLFtK