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1970-4475rs ~S1' RESO~,UTION N0. ~+~+75 RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING Fred W. Wal].man Jr. 10109 Harrison Raad, Bloomington Location: 7717 Pillsbury Avenue South Use: Machine Shop WHEREAS, Fred W. Wallman Jr., 10109 Harrison Road, Bloomington, Minnesota, had arx off-street parking agreement with the City of Richfield relating to 7717 Pillsbury Avenue South, which egntract bears the designation of Contract No. 1098 and which contract was guaranteed by a bond of the Allied Mutual Insurance Company, Des Moines, Iowa, in the amount of ~800.00,'and WHEREAS, Fred W, Wellman Jr. has complied with the provisions of said agreement and the Allied Mutual Insurance Company now seeks to be relieved of any further obligation under said bond, and WHEREAS there appears to be no justification for requiring~Fred W. Wall.man Jr. to continue to pro~ride a bond for security pn the performance of said agreement. NOW, THEREFORE, BE IT RFS.OLVED by the Gity Council of the City of Richfield, Minnesota, as fohows: That the City l~anage~r is hexeby authorized and directed to release-the Allied Mutual Insurance Company for any and all acts of Fred W. Wal].man, Jr., committed or incurred in violation of Said Contract No. 109$ on and after the 9th day of November, 1970. Adopted by the City Council this 9th day of November, 1970. tA.~ - ~~.~__,_,~ MAYOR ATTEST: ---..~ cIT~Y ~ CLERK ~,