1970-4309rF v '~
RESOLUTION N0. 4309
RESOLUTION RELATING TO RELEASE OF $OND ON OFF-STREET PARKING
Ame~eican Oil Gwmpany
Standard.0il Hivision
1405 Melrose Avenue, Minneapolis
Location: 6544 Cedar Avenue South
Use: Gasoline Se~ice StaSeic~n
WgIE~EAS, the American 0~.1 Cotrpany, Standard Oil Division, 1405 Melrose Avenue South,
r~.a~aeap®l~s, Minnesota, had an off-street parking agreement with the City of Richfield
relating to 6544 Cedar Avenue South, which contract bears the designation of Contract No.
1091, and which contract was guaranteed by a bond of the Continental .Insurance Company,
New York, New York, in the affiount of $8,400.00, and
WHEREAS, the American Oil Company has complied with the provisions of said agree-
meat 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 Oil Company
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 Continental
Insurance Company, New York, New York for any and all acts of the American Oil Company,
committed,or~incurred in violation of said Contract No, 1091, on and after the 12th day
of January, 1970.
Adopted by the_C.ity Council this 12th day of January, 1970,
MAYOR'
ATTESTS
CITY CL~