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1968-3983r . . ,, ,~.' . ~ ,- ~ , ~:. ,` RESOLUTION NOb 39$3 ,.; fi - .. rye; - R~SOLUTION RELATING TO RLL~AS~ OF-BOND ~N OFF-STREET PARKIN '' _ Kirsch Broso9 Trace _ ~~~`, 395~C Waodda],e Aven~.e Loc~.tori: ..336 E. ;7~bh St., 7720 and ?730" lath AYe. ~o. -- t~: '..User.. fibres 16 unit apartmeht..buildngs - ~ ,` - .: WHER.EAS9 Hirsch Broso~ Inco,9 "39~~. Wooddal.e. Avenue9'~irlneapol$s, Minpesota, hack .`f ~ offmst~°eet pas°k3:ng agreemeirit with the City o~ Ftichfa.eld relats.ng~ to 33~ East. 78th -- `~ : :_ `Street, ?720-and 773b l~tfi Aven~,e:South9 wh~.eh contract bears the des3.gnat'ien 4f _ , ._ ~ ~ . • Contract N4,, 897 and wh~.ch contract_°-was guaranteed by a: bond of the .Home Owners ;,: Insurance Gompariy9 Chicagoa I~;linoi~g , in: the -sum o~ $79800;009 and. . .:: w~9 -said H~~chBros,9 Inco9. have, cor~lied :with:.-.the prav3:sione-of said agreement `and the Home Owners Insurance Company now seelt~: to be rel~.eved'of any ,~ ,, r :. -further obligation `un~ter ~~t~cd-b~Ytd9 ~: - - WHEREAS9 there appears t4 be no_ ;~ustificat3.on for requira.ng said Home Otmer~:.. . ~;_ 'surance Compsn~" to continue to ~prapide a bond fox security on the pe~form~,nae _ ,4~ -saki agreements .~ NCni,T THERE~'ORL9 BE IT: RESOLVED by the City ;4ounc3~. of.~the <G3.ty of 1~~.¢~f3,e~.dA M~.nnesot~.9:- as~ fo~l.owso ., r; ~ _ `` That .the C~t~ Manager 'is' hereby auth4rizec# and 'directed to r~eles,s~ .the Hrnne ~ O~rnerc Insurance Comp~xiy f dr an3r and . a7.1: acts, of H3.rsch . Br4~ q 9' *uu' ~ 9 ecirrunitted o' - _ ,., 3.ncurred in violation of sa~.d Coi~traet~Noo 89TH on and after" °th®. ~~.th day off` Junes ,r, ~9~8, : ~; , ;~, Adopted by the .City Counex.l th3.~ 2~.th .day of Junes x.968, '; y,. ~ ~ -~ T1~ST o _. ~ , ~ ,; ~~ ~ _ - ~ µ ~~ ~ . { ' _. Y t I '~ _ ~{~ E Y 4`-VA ~~ '' s t. Vt.~:'... .. w ~~~Y++ iC~ •...F.~. NL ~S .t ~. .a.:;,51. , ~ f-#~}l.t~.~~~:. -i..c»,iJ.~t~$YE .,st... -~.:~.VI`. .'rSWf..;.~1t ~.~.~alL -~ `:..a~'Ai.'.iels:~9i`~,t.^>ib~L`~ f~~