1972-4790rI~~SOLUTIOs7 N0. 4790
RESOLUTION P.ELATING TO RELEASE OF BOND ON OFF-STREET PARKING
Shell Oil Company
778 Otto Street, St. Paul
Location: 1825 East 66th Street
Use: Gasoline Service STation
WHEREAS, the Shell Oil Company, 778 Otto Street, St. Paul, Minnesota, had an off-
street parking agreement with the City cif Richfield relating to 1825 East 66th Street,
which contract bears the designation of Contract No. 1035 and which contradt was
guaranteed by a bond of the Travelers Indemnity Co., Hartford, Connecticut, in the
amount of $7,600.00, and
WHEREAS, the Shell Oil Company lies complied with the provisions of said agreement
and the Travelers Indemnity Co., Hartford, Connecticut, now seeks to be relieved of
any further obligation under said bond, and
WIiEREAS, there appears to be no justification for requiring the Shell Ui1 Company
continue to provide a bond for security on the performance of said agreement.
NOW TIiEREFORE, 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 Travelers
Indemnity Co., Hartford, Connecituut, for any and all acts of the Shell Uil Company,
committed or incurred in violation of said Contract No. 1035, on and after the 26th'
day of June, 1972.
Adopted by the City Council this 26th day of June, 1972.
ATTEST:
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Thomas~J. Moran City Clerk
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' ~ ~~ ~~ren L . Law ~~-~~ Mayor