1970-4445rfT-+
RESOLUTION N0. 4445
RESOLUTION RELATING TO RELEASE OF BOND"0N OFF-STREET PARKING
Hansen & Sons
6420 Penn Avenue South
Location: 61+20 Penn Avenue South
Use: Automatic Car Wash and
Rebuild Gas Station
WHEREAS, Hansen & Sons, 61+20 Penn Avenue South, Richfield, Minnesota,-had an off-
street parking agreement with the City of Richfield relating to 6420 Penn Avenue South,
which contract bears the dssignat~ion:of~Contract No. 1094 and which contract was guaranteed
by a bond of the United States Fidelity & Guaranty Company, Baltimore, Maryland, in the
amount of $5,200.00; and
WHEREAS, Hansen & Sons have complied with-the provisions~of••said agreement and~the
United States Fidelity Be-Guaranty Company now seeks to be relieved of any further obligation
der said bond, and
WHEREAS;.there appears to be no justification for requiring Hansen~& Sons 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 -United States
Fidelity ~ Guaranty Company for any and all acts of Hansen~& Sons, committed or incurred
in violation of said Contract No. 2018 on and after the 14th.~day•of September, 1970.
Adopted by the City Council this 14th day of September, 1970.
~'
MAYOR
TTEST:
CITY CLER
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