1973-5119rRESOLUTION N0. 5119
RESOLUTIO:; RELATING TO RELEASE OF SAVIiJGS CEP.TIFiCATE
ACCEPTED IN LIEU OF SURETY BOND ON OFF-STREET PARi~ING
rir. Robert Adelmann
805 West 77~ Street
Location: 7726 Colfax Avenue South
Use: Automotive Parts Sales
irfiii;Rlt:AS, rir. Robert Adelmann, 805 .West 77 i Street, Richfield, riinnasota, had
an off-stre;~t parking agreerent with the City of Richfield relating to 7726 Colfa.~
Avenue South, which contract bears the designation of Contract iro. 1099 and which
contract was guaranteed by a Savings Certificate dratin. on the First Southdaie National
Bank and assigned to the City of Richfield to cover an off-street parking band in the
amount of $2,70U.U0, and
tiJi-iEREA5, rir. Robert Adelmann has complied with the provisions of said agreement
az~d there appears .to be no justification for requiring him to continue. to provide
security on the performance of said agreement.
I~tOW Tiik~REFURL, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota, as follows:
That the City Manager is hereby authorized and directed to release the above
d?scribed Savings Certificate to Mr. Robert Adelmann.
Adoptec.~by the City Council of the City of Richfield ,Minnesota this 12th day of
PJovember, 1973.
ATTEST:
__ ~.~-~ ~~ i~ ~ . -v ''~;Ui~-
Thomas J. °I~ an City Clerk