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1975-5397r4.28 RESOLUTION N0. 5397 RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING Arthur Treacher's Fish & Chips A Sub-Sidiary of Orange Co. Inc. 2011 Riverside Drive, Columbus, Ohio Location: 6+01 Nicollet Avenue Use: Restaurant WHEREAS, Arthur Treacher's Fish & Chips, A Sub-Sidiary of Orange Co. Inc., 2011 Riverside Drive, Columbus, Ohio, h~,d an off-street parking agreement with the City of Richfield, relating to 6+01 Nicollet Avenue, which contract bears the designation of Contract No. 2183 and which contract was guaranteed by a bond of the St. Paul Fire and Marine Insurance Company, St. Paul, Minnesota, in the amount $3,350.00. and WHEREAS, Arthur Treacher's Fish & Chips has complied with the provisions of said agreement and the St. Paul Fire and Marine Insurance Company now seeks to be relieved of any further obligation under said bond, and WHEREAS, there appears to be no justification for requiring Arthur Treacher's Fish & Chips 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 aut~.orized and 'directed to release the St. Paul Fire and Marine Insurance Company, St. Paul, Minnesota for any and all acts of Arth~i.r Treacher's Fish & Chips, co~nitted or incurred in violation of Contract No. 2183, on and after the 11th day of August, 1975• Adopted by the City Council of the City of Richfield this 11th day of August, 1975• ATTEST: ~~ L ren L. a yor s~~~'v-- Thomas J. Mor City Clerk