1976-5619r65
RESOLUTION N0. 5619
RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING
Fred Babcock Post 5555
Veterans of Foreign Wars
710 Lakeshore Drive, Richfield
Use: Parking Facilities
WHEREAS, Fred Babcock Post 5555, Veterans of Foreign Wars, 710 Lakeshore
Drive, Richfield, Minnesota, had an off-street parking agreement with the City
of Richfield, relating to 710 Lakeshore Drive, which contract bears the
designation of Contract No. 2055 and which contract was guaranteed by a bond
of the Agricultural Insurance Company, Watertown, New York, in the amount of
$1+,875.00, and
WHEREAS, Fred Babcock Post 5555 has complied with the provisions of
said agreement and the Agricultural Insurance Company now seeks to be relieved
of any further obligation under said bond, and
WHEREAS, there appears to be no justification for requiring Fred Babcock
Post 5555 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.
Agricultural Insurance Company, Watertown, New York, for any and all acts of
Fred Babcock Post 5555, committed or incurred in violation of Contract No. 2055
on and after the 12th day of October, 1976.
Adopted by the City Council of the City of Rich~~jeld this 12th day of
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October, 1976. ~~ >~=-''
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ATTEST:
Thomas J. Mor City Clerk