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1969-4278r~~ RESOLUTION N0. 4278 RESOLUTION RELATING TO RELEASE OF BOND ON OIRF-STREET PARKING I2ra James A, Swenson 1305 East 66th Streit Location: 1401 East 66th Street Use: Dentist Office WHEREAS, Dr. James A. Swenson, 1,305 East 66th Street, Richfield, Minnesota, had an off-street parking agreement with the City of Richfield relating to 1401 East 66th Street, which contract bears the designation of Contract No. 1059 and which contract was guaranteed by a bond of the Continental Insurance Company., 1752 Hennepin Avenue, Minneapolis, Minnesota, in the sum of $2,400.00, and WHER$AS, Dr. James A. Swenson has complied with the provisions of said agreement and the Continental Insurance Company now seeks to be relieved of any further obligation under said bond, and WHEREAS, there appears to be no justification for requiring the Continenta!1 ha- surance Company to continue to provide a bond for security on the performance of said agreement. NOW THEREFORE, BE-IT RESOLVED by the City Council o$ the City of Richfield, Minn- esota, as follows: That the City Manager is hereby authorized and directed to release--the Continental Insurance CompB~y for any and all acts of Dr. James A. Swenson, committed or incurred in violation of said Contract No. 1059, on and after the i3th day of October, 1969. Adopted by the City Council of the City o£ Richfield this 13th day of October, 1969. ATTEST: W •~`~~ MAYOR CITY CLERK