1968-3967rj
RESOLUTION N0. 3967
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RESOLUTION RELATYI~G TO RELEASE OF BOND ON OFF®STREET PARKING
Bor-Son Construction Co.
1600 East 78th Street
Location: 1711 E. 77th Street
Use: Office - Warehouse
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WHEREAS, Bor-Son Construction Co., 1600 East 78th Street, Richfield, Minnesota,
had an Off-Street Parking Agreement with the City of Richfield relating to 1711 East
77th Street, which contract bears the designation of Contract No. 984, and which
contract was guaranteed by a bond of the Employers° Liability Assurance Corporation.
.Ltd., Boston, Mass., in the sum of $3,000.OO,and
WHEREAS, .the Employers° Liability Assurance Corproation, Ltd. now seeks to be
relieved of any further obligation under said bond, and
WHEREAS, there appears to be no justification for requiring said Bor-Son Construct-
ion Co. to continue to provide a bond for security on the performance of said agreement.
NOW THEREFORE, BE IT RESOLnED by the City Council of the City of Richfield, Minn-
esota, as follows:
That the City Manager is hereby authorized and directed to release the Employers'
Liability Assurance Corporation, Ltd., Boston , Mass., for any and all acts of Bor-Son
Construction Co., committed or incurred in violation of said Contract No. 984, on and
after the 13th day of May, 1968.
Adopted by the City Council this 13th day of May, 1968.
- t,J • ~~"~"~
MAYOR
ATTEST:
CITY C RK