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1973-5131r"tT';.;SOI.UTIV~t iJ0.5131 RLSOLUTIOiJ RELATIiG TO KLLI:AST: OF 1i0N~J OYd OFT-STP.i:i~T' P.~P,T:TivG Feed i•ii11. Construction Co. 252 South Plaza T;uilclins; Location: b328 Penn Avenue South. Use: Overnig'rzt T;alcery Traci: Storage and Truck Repair -Sale of Jay OI.d bead ti•1i~CT'E.15, the Feed i1i11 Construction Company, 252 Soutlz .Plaza Lt]_1c11ng, St. Louis Park., iiinnesota, i~ad an off-street parkin; agreement c~ith the City of ?:ichfivld rela~i_r.g to f>323 Penn Avenue South, Richfi.~ld, iiinnesota, wlzic':z contract years- the desf~;natic~i of Contract coo. l0i)0 and which contract was guaranteed by a l:~ond of the L'zziteci Pacific Insurance Company, Tacoma, YJashington, in the amount of. Y6,2(?0.00, azzd 4.1'i3P~I:AS, the Feed `riill Construction Company lzas complied :•;ith t'rze provisions of said e,breen;ent anci the United Pacific Insurance Company, 'iacoma, sJashington now seeks to be relieved of any further obligation under said bond, anti 4vIiF.P.I,AS, tizere appears to be no justificatiocz for requiring the Feed :•Ti11 Constructi~ Company to continue to provi de a bond for security on the performance of saki agreement. idOW TiEt.EFOP.E, i~E IT Rt~ SOLV:J I}y tize City Counci 1 of the Gity of :icizf.ield, iinn- esota, as follocas: That. the City iianager is hereby authorized and directed to release the L"nitec:t Pacifi~ Insurance Company, Tacoma, lvashington for any and all acts of the reed hill Construction Company, committed or incurred in vyolation of Contract '_lo. l~??`), on and after tha 10tiz d.ay of December, 1973. Adopted by the City Council of the City of pichfield tzis 10th day of Jeceml:,er, 1973 A'Ci'FST L' `ihomas J.,Ioran City Clerk 1 , ~.y ~ ,.~~ ~~~ ~ ~ , Loren L . T.at~r A,.ayar