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19685-3851r~~~ RESOLUTI®N No. 3951 RESOLUTION RELATIIJO TO RELEASE 0~' BOIITD ON OFD'-STREET BARKING B®r-Son Construction Co. 1600 East 78th Street, Richfield Locations 1620 East 78th Street Useo Warehouse axad Office (3M) 1;? S, Bor-Son Const~r°acti®n Cm., 1600 East 78th Street, Richfield, Minnesotas had an Off-Stre®t Parking Agreement with the City of Richfield r®~.ating to 1620 East 78th Street, which Contract bears the des~.gnatior~ of Contract No. 1~1s and which C®ntx~act .s guaranteed by a 'bond ®f the Employers' Liab3.].ity Assurance C®~orations Ltd.s Boston, Mass., in the sum of $8,00®.OOs and WfiEREASs the Employerso Li~~.aility Assurance Corporation, Ltd. now seeks to be relieved of any f~th®r c~~L~1~,~at~.on and®r said bond and there app®ar~ to be no justification for requiring paid Employ®rs° Liability Assurance Corporations Ltd, to continue ~ pro~.de a bond for security on the pe~°f©r© mance caf said agreement. NOW THERFOREs BE IT RESOL~EB by the City Council of the City of Ri~l~fie~,ds M~,nnesota, as follows s T~nat the City Manager is hereby a,uth~ri~ed and directed tea release the ]employers" Liability Assurance C®rpoa~,.tions Ltd., Bostons Mass.s for any and a].l acts of Bor-Son Construction Coe, c®~nmitted or incurred in violation of said Contract No. 10O1s on acid after the 25th day of Maa°chs 19680 Adopted by the City Council this 25th day of March' 1968. .~ ~ ~~~-~ MA OR ATTEST: 6~~'h~