1975-5444r
RESOLUTION N0. 5444
480
RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING
Southland Corporation
9100 West Bloomington Freeway
Location: 69+9 Nicollet Avenue
Use: 7 - Eleven Convenience Grocery Store .
WHEREAS, Southland Corporation, 9100 Bloomington Freeway, Bloomington, Minnesota,
had an off-street parking-agreement with the City of Richfield relating to 69+9 Nicollet
Avenue, which contract bears the designation of Contract No .: 2168 and which contract
was guaranteed by a bond of The Travelers Indemnity Company of Hartford, Connecticut,
in the amount ~of $x+,800.00, and
WHEREAS, the Southland Corporation has complied with the provisions of said agree-
went and The Travelers Indemnity Company of Hartford, Connecticut now seeks to be
relieved of any further obligation under said bond, and.
WHEREAS, there appears to be no justification for requiring the Southland Corpora-
tion to continue to provide a bond for security on the performane of said agreement.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minn-
- esota, as follows:
That the city manager is hereby authorized and directed to release The Travelers
Indemnity Company of Hartford, Connecticut for any and all acts of the Southland Corpora-
tion, committed or incurred in violation of Contract No. 2168 on and after the lOth.day
of November, 1975•
Adopted by the city council of the City of Richfield this 10th day of November,
-1975•
ATTEST: ~ Loren aw Mayor
Thomas J. Man City Clerk
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