HomeMy WebLinkAboutCity of Tamarac Resolution R-99-280September 27, 1999 - Temp. Reso. # 8786
Revision #2 - October 20, 1999
Page 1 of 2
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-99- � Sy
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF TAMARAC, FLORIDA, AUTHORIZING THE
APPROPRIATE CITY OFFICIALS TO RELEASE
PERFORMANCE BOND (LETTER OF CREDIT # S960912) IN
THE AMOUNT OF $5,272,00 POSTED FOR PUBLIC
IMPROVEMENTS AT KINGS POINT THEATRE LOCATED
SOUTHEAST OF THE INTERSECTION OF NOB HILL RD.
AND N.W. 77'h ST. AT THE KINGS POINT RECREATION
COMPLEX; PROVIDING FOR CONFLICTS; PROVIDING FOR
SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, Lennar Homes , Inc. with Suntrust as Surety, has filed with the City,
Letter of Credit # S960912 in the amount of $5,272.00 to guarantee public improvements
at the Kings Point Theatre located Southeast of the intersection of Nob Hill Rd. and N.W.
771h St. at the Kings Point Recreation Complex; and
WHEREAS, the facilities have been inspected and found acceptable by the Public
Works Engineering Division; and
WHEREAS, pursuant to City Code Section 10-156, this bond has remained in place
for the required period of time in lieu of a Warranty Bond; and
WHEREAS, it is the recommendation of the Public Works Director and the DRC
Engineer that the performance bond be released ; and
WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be in
the best interest of the citizens and residents of the City of Tamarac to release the
performance bond, Letter of Credit # S960912, in the amount of $5,272.00, posted for
improvements at Kings Point Theatre located. Southeast of the intersection of Nob Hill
Road and N.W. 771h Street at the Kings Point Recreation Complex.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA THAT:
Section 1: The foregoing "WHEREAS" clauses are hereby ratified and confirmed
as being true and correct and are hereby made a specific part of this resolution.
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September 27, 1999 - Temp. Reso. # 8786
Revision #2 - October 20, 1999
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as being true and correct and are hereby made a specific part of this resolution.
Section 2: The appropriate City Officials are hereby authorized to release the
performance bond (Letter of Credit # S960912) in the amount of $5,272.00 posted for
public improvements at Kings Point Theatre located Southeast of the intersection of Nob
Hill Road and N.W. 77' Street at the Kings Point Recreation Complex.(a copy of the Letter
of Credit is attached hereto as "Exhibit 1 ").
Section 3: That all Resolutions or parts of resolutions in conflict herewith are
hereby repealed to the extent of such conflict.
Section 4: If any clause, section, other part or application of this Resolution is
held by any court of competent jurisdiction to be unconstitutional or invalid, in part or
application, it shall not affect the validity of the remaining portions or applications of this
Resolution.
Section 5: This Resolution shall become effective immediately upon its passage
and adoption.
PASSED, ADOPTED AND APPROVED this c�?--7L� day o 1999.
ATTEST:
I HEREBY CERTIFY that I have
approved this RESOLUTION as
to form.
MITCHELL S. K A T
CITY ATTORNEY
JOE SCHREIBER
MAYOR
REOORD W OOM MISSIQlrI
MAYOR
SCHREIBEA
DIST 1:
PO ..
,NSOMM.
DIST 2:
V/M MISHKIN___„
MIST 3:
COMM. SULTANOF
DIST 4"
COMM. ROBERTS -
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