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1970-4477r.Y. ~ ~' RESOLUTION N0. 4477 RESOLUTION RELATING TO RELEASN OF BOND ON OFF-STREET PARKING Embers Restaurants 1664 University Avenue, St. Paul Location: 6500 Perin Avenue South Use: Restaurant WHEREAS, Embers Restaurants, 1664 University Avenue, St. Paul, Minnesota, had an off-street parking agreement with the City of Richfield relating to 6500 Penn Avenue South, which contract bears the designation of Contract No. 2018 and which contract was guaranteed by a bond of the North River Insurance Company of New York, N. Y., in the sum of Three Thousand Five Hundred ($3,500.00) Dollars,~and WHEREAS; Embers Restaurants,~has complied with the provisions of said agreement and the North River Insurance Company now seeks to be relieved of any further obligation under said bond, and WHEREAS, there appears to be no justification for requiring Embers Restaurants to ontinue 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 North River Insurance Comp-any for any~~and all acts of Embers Restaurants committed or incurred in violation of said Contract No. 2018 on and after the 9th day of November, 1970. Adopted by the City Council this 9th day of November, 1970. w • ~~-~, MAYOR ATTEST: 7 ~/~7~ f ~~ j~1tG.-may.` ~C /'+w CITY ERK