1970-4307re ~ 'a
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RESOLUTION N0. 4307
RESOLUTION RELATING TO RELEASE OF BOND ON'OFF=STREET PARKING
American Oil° Cbinpafiy` "
Standard Oil Division
1405 Melrose Avenue, Minneapolis
Locations6600:"Lynda~le Avenue South
Use: Addition to service station
WHEREAS, the American Oil Company, Standard Oil Division, 1405 Melrose Avenue South,
Minneapolis, Minnesota, had an off-street parking agreement with the City of Richfield
relating to b600 Lyndale Avenue South, which contract bears tY-e designation•of Contract
No. 1080, and which contract was guaranteed by a bond of the Continental Insurance Company,
New York, New York, in the amount of $1,200.00;-and
WHEREAS, the American Oil Company has complied with the provisions of said agree-
ment and the Continental-Insurance Company, New York, New York, now seeks to be relieved
of any further obligation under said-bond, and
WHEREAS, there appears to be no justification for requiring the American 0i1 Company
to continue to provide a bind for security on the performance of :said agreement.
NOW THEREFORE, BE IT R~SO,LVED by the .City Council of the Citq of Richfield, Minn-,
esota, as follows:
That the City Manager is hereby authorized and directed to release the Continental
Insurance Companryy-NEw-Yank ~-New York, fox any and all acts of the American Oil Company,
committed or incurred in violation of said Contract No. 1080, on and after the i2th day
of January, 1970.
Adopted by the City Council this 12th day of January, 1970.
MA'~OR
ATTEST:
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