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1974-5243r251 RESOLUTION N0.5243 RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING R. 0. Hanousek 115 Irving Avenue North Location: 672+ Lyndale Avenue South Use: Photographic Shop and Mini Lab WHEREAS, R. 0. Hanousek, 1.15 Irving Avenue North, Minneapolis, Minnesota., had an off-street parking agreement with the City of Richfield, relating t.o ~72~+ Lyndale Avenue South, which contract bears the designation of Contract No. 21.09 and which contract was guaranteed by a bond of the Capitol Indemnity Corporation, Madison, Wisconsin in the amount of $2,600.00, and WHEREAS, R. 0. Hanousek has complied with the provisions of said agreement and the Capitol Indemnity Corporation now seeks to be relieved of any further obligation under said bond, and WHEREAS, there appears to be no justification for requiring Ro 0. Hanousek to continue to provide a bond for security on the performance of said agreemento NOW THEREFORE, BE IT RESOLVED by the City Council of the City af'Richfield, Minn- esota, as follows: That the City Manager is hereby authorized and directed to release the Capitol Indemnity Corporation, Madison, Wisconsin for any and all acts of R. 0. Hanousek committed or incurred in violation of Contract Noo 2109, on and after the 23rd day of September, 197+, Adopted by the City Council of the City of Richfield this 23rd day of September, -97~+. ~F~ _- ATTEST: Thomas J, Mori City Clerk ,~