1967-3808r1
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1~oLTJTI®~ N®. 3808
RH~O~,UTION 1~ATING TO RF,~LEASE~ OF' BOND ON 0~-~STl~~f ~ARKI~1(~
P2r. Kenneth A. Youngberg .
671. Shsri.dal Avenue South
Locations b700 Fenn ~veraue So.
~Tse m ~ tai]. S alas
~i+THla'Ft, fro Kenneth A. Y®un~be~°~, 67~].. Sl~rid~n ~venu® South, Richfield Nlinn~
~~ota, had an Off~trset ~arkin~ A.~x~ement wa.th the City of Richfield x°elatin~ to
X700 Penn. Avenue South, which contract bears the. d®signation of Contract No. 990D
~.~d ~,~hi.ch contract was ~uar~nt®ed by a bond of the Continental Insurance Company,
~Tew York, New Yo~°k, a.n the suo~ of ~1,~~00.00, aid
T~HF~RElA5, said Mr. Kenneth A~ Youn~ber~ has substantially complied witki the pro
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~risions of said a~r®ement and the Continental lnsurazcs Company now seeks to be
relieved of any furtk~er obli~Gtion. ~acader sa7.d bond, and
~JA,S, them appears to be no justification for x+squiring said Kenneth Ao
Youngberg to continua to pro~ride a bond for security on the performaxace of said.
agreements
NO~P, THEREEORE~, BE IT RESOL~T~D by th® City Counc3.l. of the City of RicYlf~.eld9 ~inn®
esota, as ~ollowsa
That the City Msna~er is hereby atzthori~ed and directed to tale ase the Continental
Insurance Company for any and .a-~,1 acts of Mrs Kenneth A. Youngberg, corr~aij;ted o~ inP
carted in violation os said. Cr~a~ai:~°act Noo X90, on and after the lath day of June, 1967.
Adopt®d by t?~e City Council the s 1.?th day of J~.e9 1967.
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ATT~'~E
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CITY ERK
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