19685-3841r~~~
RESOLUTION N0. 391.
RESOLUTION RELATING TO RELEASE OF BOND ON OFF®STREET PARKING
Kenneth Youngberg
67P~1 Sheridan Avenue South
Loc, 1.30 East 66th Street
Useo Addit3.on to Building (Grocez@y Store)
TrdfiEREAS9 Kenneth Youngberg9 6711 Sheridan Avenue South, Richfield9 Minnesota9 had
an ®fSmStreet Parking Agreement with the City of Richfield relating to ].la.30 East 66th
Street9 which Cont~°act bears the designation of Contract No. 9269 and which Contract
w~.s guaranteed by a bond of the .Glen Falls Insurance Company9 Glen Falls9 New York9
~.xp the sum of ~1ay~0®®O0.
~iFIEREAS9 Kenneth Youngberg9 has complied with-the provisions of said agreement
and the Glen Falls Insuranoe Compaa~}r now seeks to be relieved of any further obligation
under said bonds axed
~IEREAS9 there appears to be no justification for requiring said Glen Falls Insurance
C®mpax~ to continue to provide a bond for security on the performance of said agreement.
NOUT THEREFORE BE IT RE50LVED by the City Council. of the City of Richfield9 Minnesota9
as f~llowws g
That the City Manager is hereby authorized and directed to release the Glen Falls
Tnsu~°anc~e Company for any and all sots of Kenneth Youngberg9 coanmitted or incurred in
v~~.clation of said Contract No. 9269 on and after the 13th day of February9 1968.
Adopted by the City Council this 13th day of Februarys 1968e
.___~...~ e..~
MAYOR
ATTES`I o
CITY C