HomeMy WebLinkAboutCity of Tamarac Ordinance O-1979-069Introduced by; l/�m Temp. #685
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FLORIDA:
CITY OF TAMARAC, FLORIDA
ORDINANCE NO.
AN ORDINANCE AMENDING SECTION 24.1.6 OF
ORDINANCE NO. 78-48 PERTAINING TO PUBLIC
IMPROVEMENT BONDS BY ALLOWING ADDITIONAL
TYPES OF GUARANTEE TO BE SUBMITTED TO THE
CITY OF TAMARAC AS PUBLIC IMPROVEMENT BONDS;
PROVIDING FOR CODIFICATION; PROVIDING RE-
PEALER; PROVIDING FOR SEVERABILITY; AND
PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY CITY COUNCIL OF THE CITY OF TAMARAC,
SECTION 1: Section 24.1.6 of Ordinance 78-48 is amended
to read as follows:
24.1.6(a) Prior to the issuance of any permit, other than
for clearing and grubbing (section 24.1.41-�C), payment of all required
fees and the submittal and approval of the improvement bond is re-
quired. Said bond shall be posted by the developer or his general
contractor with the City, in the amount of one hundred (100%) per
cent of the itemized estimated cost, prepared and certified by an
engineer registered in the State of ]Florida, of all required public
improvements, including, but not limited to, those listed in sec-
tion 24-4(a). This bond shall be cash, irrevocable bank letter of
credit, a cashier's check or other negotiable instrument, or a
surety bond written by a company listed in the latest revision of
circular 470 standard "Surety Companies Acceptable on Federal
Bonds." Also acceptable is a letter from a savin s and loan or com-
mercial bank statinq that: (1) it has committed funds in an amount
equal to the cost of the project, (2) that monies will be disbursed
as work is done but only after inspection and approval by the design
S�ineers and approval of the bank's engineers (.3) that the work
will be completed in accordance with the app'rnved engin'eer!ng'draw-
inas and specifications as well as all applicable City ordinances,
(4) that the bank or savings and loanguarantees completion if the_
developer does not complete, (5) that it is holding a separate
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ICIA
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collateral account in an amount equal to 25% of the cost of the im-
provements which monies are to remain available one ear after
formal approval and acceptance of subdivision improvement by
City together with an needed corrections or insufficiencies in
design, workmanship and/or materials which are .found within one year
of the date of formal acceptance and (6) the monies held will be
released to theCit upon demand if the City certifies that the work
is not being done in accordance with specifications and drawings.
All bonds shall be approved by the City Attorney (as to form) and
City Engineer (as to dollar amount). Either may require such terms
and/or conditions as they deem necessary for the protection of the
City. Said bond shall guarantee the completion of all stipulated
improvements in accordance with the approved engineering plans and
within a specified time period, approved by the City Engineer and
City Council.
SECTION 2: Specific authority is hereby granted to
codify this Ordinance.
SECTION 3: All ordinances or parts of ordinances in con-
fl,ict,herewith, are repealed to the extent of such conflict.
SECTION 4: Should any.section or provision of this ordi-
nance or any portion hereof or any paragraph, sentence or word be
declared by a Court of competent jurisdiction to be invalid, such de-
cision shall not affect the validity of the remainder hereof as a
whole or any part hereof other than the part declared to be invalid.
SECTION 5: This Ordinance shall become effective im-
mediately upon its passage at First and SEcond Reading.
PASSED FIRST READING this �day ofl/e- �1979.
PASSED SECOND READING this 1-2-
ATTEST:
City C1 rk MAYOR:
I HEREBY CERTIFY that I have approved DISTRICT 1:
the form and correctness of this ORDINANCIJASTRICT 2:
DISTRICT 3:
City Attorney DISTRICT 4:
RECORD OF COUNCIL VOTE