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1966-3739r~~?~ RESOLUTION N0. 3739 RESOLUTION RELATING TO RELEASE OF BOND ON OFF^STREET PARKING BURTON RUTMAN 6400 LYNDALE AVENUE SOUTH LOCATION: 6420 LYNDALE AVENUE SOUTH USE: CONSTRUCT TEMPORARY (5YR• PERIOD 40X125 FT. POLYETHYLENE COVERED GREEN HOUSEr FOR STORAGE OF SPRING PLANTS. NOT TO BE USED A9 SALES AREA. WHEREAS, BURTON RUTMAN, 6400 LYNDALE AVENUE SOUTH, RICHFIELD, MiNNE80TA,.HAD AN OFF~STREET PARKING AGREEMENT WITH THE CITY OF RICHFIELD RELATING TO 6420 LYNDALE AVENUE SOUTM, WHICH CONTRACT BEAR8 THE DESIGNATION OF CONTRACT N0. 943., AND' WHICH CONTRACT WA3 GUARANTEED BY.A BAND OF THE CONTINENTAL, INSURANCE COMPANY, NEW YORK, tN TWE SUM OF $3,233.00, AND WHEREAS, SAID BURTON RUTMAN HAS SUBSTANTIALLY COMPLIED WITM THE PROVISIONS OF SAID AGREEMENT AND THE CONTINENTAL INSURANCE COMPANY NOW SEEKS TO 6E RELIEVHD OF ANY FURTHER OBLIGATION UNDER SAID BOND, AND WHEREAS, THERE APPEARS TO ¢E NO JUSTIFICATION FQR REQUIRING SAID BURTON RUTMAN TO CONTINUE TO PROVIDE A BOND FOR SECURITY ON .THE PERFORMANCE OF SAID AGR&EMENT• NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCII. OF THE CITY OF RICHFIELD, MINNESOTA, AS F04LOWS; THAT THE CITY. MANAGER 18 HEREBY AUTWORiZED AND DIRECTEp TO RELEASE THE CONTINENTAL INSURANCE COMPANY FOR ANY AND ALL ACT8 OF BURTON RUTMAN, COMMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT NO. 943, ON AND AFTER THE 14TH QAY OF NOVEMBER, 1966. ADOPTED BY THE CITY COUNCIL TH18 14TH DAY OF NOVEMBER, 1966. ATTEST: rip ~1 ~~ 1 1 ~ 6!R M1