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1969-4216r. 4 RESOLUTION N0. 4216 1 RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING Harry J. Goodyear, 6620 Fenn .Avenue Joseph J. P~iauer, 9500 Russell Avenue Loc: 2315-19-23 West 66th Street Use: General Stores and Offices 1 WHEREAS, Harry J. Goodyear, 6620 Penn Avenue South and Joseph J. Mauer, 9500 Russell Avenue South, had an Off-Street Parking agreement with the City of Richfield relating to 2315-19-23 West 66th Street, which contract bears the designation of Contract No. 1031, and which contract was guaranteed by a bond of the Capitol Indemnity Corporation, Madison, Wisconsin, in the sum of $6,600.00, and WHEREAS, said Harry J. Goodyear and Joseph J. Mauer have complied with the pro- 1 visions of said agreement and the Capitol Indemnity Corporation now seeks to be relieved of any further obligation under said bond, and WEiEREAS, there appears to be no justification for requiring said Harry J. Goodyear and Joseph J. Mauer to continue to provide a bond for security on the performance of said agreement. NOW THEREFORE, BE IT RESOLVED 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 Capitol Indemnity Corporation for any and all acts of Harry J. Goodyear and Joseph J. Mauer, committed or incurred in violation of said Contract No. 1031, on and after the 28th day of July, 1969. Adopted by the City Council of the City of Richfield this 28th day of July, 1969. ~' MAYOR 1 ATTEST: ~~ ~~~~ CITY CLERK