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1976-5512r558 RESOLUTION N0. 5512 4 . ---..RESOLUTION RELATING TO RELEASE OF BOND ON OFF STREET PARKING Brian Realty Company 2520 Inglewood South Location: 3001-3005 West 66th Street Use: Goodyear Auto Service Company WHEREAS, Brian Realty Company, 2520 Inglewood South, Minneapolis, Minnesota, had an off-street parking agreement with the City of Richfield, relating to the Goodyear Auto Service Company,. 3001-3005 West 66th Street, which contract bears -the designation of Contract No. 21+2 and which contract was guaranteed by a bond of the American~Empire Insurance Company, Watertown, New `York, in the amount . of $10,500.00, and- - • WHEREAS, Brian Realty Company has complied with the provisions of said agreement and the American Empire Insurance Company now seeks to be relieved of any further obligation under said bond, and . WNF:RF.AS~ there appears to be no 3ustification for requiring Brian Realty Company 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 American Empire Insurance Company, Watertown, New York, for any and all acts of Brian Realty Company, committed or incurred in violation of Contract No. 21+2 on and after the 12th day of April, 1976. • Adopted by the City Council of the City of~Richfield this 12th day of April, • 1976• . Ali G~ ATTEST: oren L. Law` ayor ~ i Tomas J. M an City Clerk