HomeMy WebLinkAboutCity of Tamarac Resolution R-94-148Temp. Reso. #6781
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-94�_
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF TAMARAC, FLORIDA, RELEASING A
PERFORMANCE BOND POSTED FOR PUBLIC
IMPROVEMENTS BY AVALON ESTATES, J.V., IN
THE FORM OF A LETTER OF CREDIT NO. P4841
FROM SUN BANK IN THE AMOUNT OF
$106,008.26 SUBJECT TO RECEIPT OF A ONE
YEAR WARRANTY BOND IN THE AMOUNT OF
$26,502.06 FOR AVALON (WOODMONT TRACT
56); PROVIDING FOR CONFLICTS; PROVIDING
FOR SEVERABILITY; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, AVALON ESTATES, J.V. as Principal, with SUN BANK as
Surety, has filed with the City in the form of a Letter Of Credit
No. P4841 in the amount of $106,008.26 to guarantee public
improvements at Avalon (Woodmont Tract 56) located on the
northwest corner of University Drive and Northwest 78th Street;
and
WHEREAS, the City Engineer has found that the work has been
satisfactorily completed and has recommended release of said
performance bond upon receipt of a one-year warranty bond in the
amount of $26,502.06; and
WHEREAS, the City Council of the City of Tamarac, Florida
deems it to be in the best interests of the citizens and
residents of the City of Tamarac to release this performance
bond.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
TAMARAC, FLORIDA:
Section 1: That the -performance Bond in the form of a
Letter of Credit No. P4841 posted by AVALON ESTATES, J.V. as
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1
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Temp. Reso. # 6781
Principal, with SUN BANK, as Surety, in the amount of $106,008.26
for public improvements at AVALON (WOODMONT TRACT 56) is HEREBY
RELEASED, subject to receipt of a one-year warranty bond in the
amount of $26,502.06.
Section 2: All Resolutions or parts of Resolutions in
conflict herewith are hereby repealed to the extent of such
conflict.
Section 3: 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 4: This Resolution shall become effective
immediately upon adoption: tit
PASSED, ADOPTED AND APPROVED this /0 day of ,
1994.
NORMAN ABRAMOWITZ
_
ATTEST: MAYOR
CAROL A. EVANS, CMC
CITY CLERK
I HEREBY CERTIFY that I have
approved this Resolution
as to form.
MITCHELL S.
CITY ATTOV
RECORD OF COUNCIL VOTE
MAYOR ABRAMOWITZ 6
DIST. 1:
V / M KATZ
DIST. 2:
C / M MISHKIN
DIST. 3:
C / M SCHREISER
DIST, 4:
0 / W MACHEK ..