1966-3749r~~~
1
RESOLUTION N0. 3749
RESOLUTION RELATING TO RELEASE OF BONDS ON OFF-STREET PA RKING
LI~L GENERAL STORES
4522 EXCELSIOR BLVD., MPLS.
LOCATION: 7701 PORTLAND AYENUE SO.
USEi GROCERY STORE
AND
LOCATION: 607-609-611•~EAST 77TH STREET
USE: 3 ADDITIONAL STORES ATTACHED TO
LItL GENERAL GROCERY STORE
WHEREAS, LI~L GENERAL STORES, 4522 EXCELSIOR BLVO., MINNEAPOLIS, MINNESOTA,
HAD AN OF'F•STREET PARKINS AGREEMENT WITH THE CITY OF RICHFIELD RELATING TO 7701
NQRTLAND, WHICH..CONTRACT BEARS THE DESIGNATIAN AF CONTRACT N0. 983, AND AN OFF-
STREET PARKING AGREEMENT RELATING TO 607-609.61) EAST 77TH STREET, WHICH BEARS
THE CONTRACT NO. 988, AND WHICH CONTRACTS WERE BOTH GfriARANTEED BY BONDS OF THE
EMPLOYER~3 LIABILITY ASSURANCE CORPORATION, LTD., B03TONy MASSACHEISETTS, IN THE
8U MS OF #2,100.00 EACH AND
WHEREAS, SAIfl LI~L GENRRAL STORES, WAS SUBSTANTIALLY COMPLIED WITH THE
PROV1910NS OF SAID AGREEMENTS AND THE EMPLOYER~9 LIABILITY A9941RANCE CORPORATION,
LTD., NOW SEEK-S_.TO BE RELIEVED OF ANY FURTHER OBLIGATION UNDER SAID BONDS, AND
WHEREAS, THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID LItL
GENERAL STORES TO CONTINUE TO PROVIDE e0N08 FOR SECURITY ON THE PERFORMANCE OF
8AID AGREEMENT.
NOW THEREFORE, BE IT RESOLVED- By THE CITY COUNCIL OF THE CITY OF RIGMFIEID,
MINNESOTA, A9 FOLLOWS:
THAT THE CITY MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE
EMPLOYERS LIABILITY A88URANCE CORPORTATION, LTD., FOR ANY AND ALL ACTS OF
L1'L GENERAL STORES, COMMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT
N0. 983 ANfl CONTRACT NO. 988, ON AND AFTER THE 28TH DAY OF NOVEMBER, 1866•
ADOPTED BY TWE CITY COUNCIL TH18 28T~1 DAY OF NOVEMBER, 1966.
~ ~nJ . ~~-'~c~v~ye
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