1967-3854r93
RffiO~,ZJTIOiV NOm 3851
R~aUT~UTION ~r+ ~,k.TIAT(a TO ,Ea~.AS +~ 0~' ~OIV~ oIJ oI~I+®STI~' PARIgII~TQr
Franksvill®9 Inc.
2550 YrJo Peterson Ave a s Chicago
Locations 65®® I,~radal® Ave® ~o,
~3®a ~e3t~,~Arant
' +`AS9 Franksvil].e9 Ynced, X550 ~® T~et®rson Av®a~ CYai.cago~ Illinois9 had aga Off®
Stx°eet Parking Agra®ment with the City of Richfield a°~latigag to 6500 L~adale Avenu® Booths
whicY~ contract b®ars the designation of Contract No® 96~~ and which contract was guaranteed
by a bond of the G®neral Insurance Company of America9 Seattles Tr~ashington~ in tYa® sum of
~l~o000o0Oy and
Tt~~~S, said Frartksvill®~ Incm~ has complied w3.th the provisions of said agreement
and the Genera]. Insurance Company of ~nerica now seeks to be relieved of any further
obligation under said bond9 grad
E'AS~ there appears to be no ~ustificati®n for requiring said Franksvilleg Inco
to continue to provide a bond for secur~.ty on the performance of said agreements
NOWT THER FOR~'~ BFJ 2T RESOD by the City Council. of the City of Richfield, M3ranesota,
as followse
That the City Manager is Yieraby authorized and directed to release the General Insurance
Company for any and all acts of Franksvilley Inc®~ committed or incurx~sd in violation of
said Contract No® 962 on and after the 11th day of September, 19670
Adopted by the City Council this 11th day of September9 1967®
W • ~-~-~
MA OR
ATTESTo
CITY °~,E'~