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1967-3916r~~ 1 RESOLUTION N0. 3916 REti.ATING TO REZ~ASE" 0~ BOND ON OFF•STR~T PARKING Mr. Theodore A. Samsel 1315 Edas t 66th S free t Location: 1,309 ].7. ~". 66th Street Uses Auto-Body and j+~l.ectrical Shop WHE~E,"AS, Mr. Theodore A, Samsel, 1315 East 66th Street9 ~Richfield9 Minn® esota9 had an Off®Street Parking Agreement with 'the City of Richfield relating to 1309m11 mast 66th Street, ,which contact bears the designatign of :contract' No. 1032, and which contract was guaranteed bga.l~ond of the American Insurance Company of Newark' New ~Tersey, and WI~FJRE"A59 Mr. Theodore A. Samsel has complied with the provisions of said agreement and the Ama rican Insurance Company now seeks to be relieved of any further obligation under .said bond, and WHERE"AS, there appears to be no justification for requiring said American Insurance Company to continue to provide a bond for security on the performance of said agreemento NOW THE'RF,~'0 RFJ, BF7 IT RN~O?~T ~ by the City Council of the. City of Richfield9 Minnesota, as followss That the City Manager is .hereby authorized and directed to refs ase the American Insurance Company for any and all acts of Mro Theodore Ao Samsel9 committed or incurred in violation of said Contract No. 10329 on and after the 18th day of Decembe r9 1967. ,.:P Adopted by th® City Council fi~ie~ 18tki dad ©~ T~~'cexn~i~r, ].~67. 1 ATT~STs ~cA CITX ~ ~ ~' 'r '