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HomeMy WebLinkAboutCity of Tamarac Resolution R-88-256Temp. Reso. #5170 1 2 3 4 5 6 8 9 10 11 12 13 14 15 16 17 18 21 22 0*11111 24 25 26 27 28 29 30 33 34 35 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-88- rZ Iry A RESOLUTION RELEASING A PERFORMANCE BOND POSTED FOR THE WATER DISTRIBUTION SYSTEM AND THE SEWAGE COLLECTION SYSTEM BY TAMARAC - OXFORD LIMITED PARTNERSHIP FOR SPRING HOUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Tamarac - Oxford Limited Partnership, as Principal, and the Travelers Indemnity Company, as Surety, has filed with the City Bond No. 735G176-6 in the amount of $302,449.00 to guarantee the water distribution system and the sewage collection system at Spring House; and WHEREAS, the City Engineering Department has found that the work has been satisfactorily completed and has recom- mended release of said bond upon receipt of a one-year warranty bond in the amount of $81,233.50. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That Bond No. 735G176-6 posted by Tamarac - Oxford Limited Partnership, as Principal, and the The Travelers Indemnity Company, as Surety, in the amount of $302,449.00 for the water distribution system and the sewage collection system at Spring House, is HEREBY RELEASED, subject to receipt of a one-year warranty bond in the amount of $81, 233 .50. SECTION 2: This Resolution shall become effective immediately upon adoption. ck-1 PASSED, ADOPTED AND APPROVED this 2 $ day of 1988. ATTEST: / NORMAV ABRAMOWITZ r MAYOR CAROL A. EVANS _ -- CITY CLERK RECORD OF COUNCIL VOTE I HEREBY CERTIFY that I have approved this RESOLUTION as to MAYOR ABRAMOWITZ form.,, DISTRICT 1: C/M ROHR 1DISTRICT 2: V/M STE_LZER_ RICHARD DOOD CITY ATTORNE DISTRICT 3: C/M HOFFMAN DISTRICT 4= C/M BENDER