1966-3738r~~S
RESOLUTION N0. 3738
RESOLUTION RELATING TO RELEASE OF BAND ON QFF~-STREET PARKING
HIRSCH BROS.
3954 W~oDOALE AVENUE SOUTW~ MPLB•
LOCATtON2 7600 CEDAR AVENUE
UBE: ONE 23 UNIT APARTMENT BUILDING
(ALL 1 BEDROOM)
WHEREAS HIRSCH BR08•~ 3954 WOODDALE AVENUE SOUTH MINNEAPOLI9~ MINNE30TAi
HAD AN OFF-STREET PARKING AGREEMENT WITH THE CITY OF RICHFIELD RELATING TO
7600 CEDAR AVENUE SOUTH WHICH CONTRACT BEARS THE DESIGNATION OF CONTRACT NO. 845
AND WHICH CONTRACT WA8 'GUARANTEED BY A BOND OF THE HOME OWNERS INSURANCE COMPANY®
CHICAGO (LLIN018~ IN THE SUM OF $3~400.Op-AND
WHEREAS 8AID HIRBCH BROS. HAS 3U83TANTIALLY COMPLIED WITH THE PROV1810N8
OF SAID AGREEMENT lgND THE HOME OWNERS INSURANCE COMPANY NOW SEEKS TO BE RELIEVE D
OF ANY FURTHER OBLIGATION UNDER SAID BONDi AND
WHEREAS TF+IERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING BAIp HIRBCH
(j R0$• TO CONTID~dUE TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE pF 8AID
AGREEMENT.
NOW THE.REFORE~ BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RICHFIELQ,
MINNE90TA~ AS FOLLOWBt
THAT THE CITY MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE
NOME OWNERS INSURANCE COMPANY FOR ANY AND ALL ACTS OF HIRSCH BR08•~ COMMITTED
OR INC~JRRED IN VIOLATION OF SAID CONTRACT NO. 84t3~ ON AND AFTER THE (4TH DAY OF
NOVea~BER~ 1966.
ADOPTED BY THE CITY COUNCIL THIS 14TH OAY OP NOVEMBERS 1966.
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d„x.J .
ATTESTs