1975-5392r123
RESOLUTION N0. 5392
RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING
Mark Z. Jones II
5290 Villa Way, Minneapolis
Location: 7500 Cedar Ai-enue South
Use: One 19 Unit Apartment Building
WHEREAS, Mark Z. Jones II, 5290 Villa Way, Minneapolis, Minnesota, had an
off-street parking agreement with the City of Richfield, relating to 7500 Cedar
Avenue South, which contract bears the designation of Contract No. 20+7 and
which contract was guaranteed by a bond of the Fidelity and Deposit Company of
Maryland, Baltimore, Maryland, in the amount of $6,500.00, and
WHEREAS, Mark Z. Jo~zes II has complied with the provisions of said agreement
and the Fidelity and Deposit Company of Maryland now seeks to be relieved of any
further obligation under said bond, and
WHEREAS, there appears to be no justification for requiring~Mark Z. Jones II
to continue 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,
Minnesota, as follows:
That the city manager is hereby authorized and directed to release the Fidelity
and Deposit Company of Maryland, Baltimore, Maryland for any and all acts of Mark
Z. Jones II, committed or incurred in violation of Oontract No. 20+7 on and after the
28th day of July, 1975•
Adopted by the City Council of the City of Richfield this 28th day of July,
1975•
ATTEST: Loren L. w Mayor
Thomas J. rran City Clerk