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HomeMy WebLinkAboutCity of Tamarac Resolution R-94-150Temp. Reso. #6782 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-94- /S4 A RESOLUTION RELEASING A WARRANTY BOND POSTED BY WESTLAKE VILLAS, INC. FOR PUBLIC IMPROVEMENTS AT THE WESTLAKE VILLAS, AKA SPRING LAKE II NORTH PROJECT; PROVIDING FOR CONFLICTS, PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Westlake Villas, Inc as Principal, with Westchester Fire Insurance Company, as Surety, has filed with the City Letter of Credit No. MS00052558 in the amount of $72,873.25 for public improvements for the project; and WHEREAS, the City Engineer has recommended release of said warranty band; 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 warranty bond. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That Letter of Credit No. MS00052558 posted by Westlake Villas, Inc., as Principal, with Westchester Fire Insurance Company, as Surety, in the amount of $72,873.25 for pubic improvements for the Westlake Villas project, is HEREBY RELEASED. 1 1 Fj 1 Temp. Reso #6782 SECTION 2: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict.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, or 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. PASSED, ADOPTED AND APPROVED THIS /O day of , 1994. NORMAN ABRAMOWITZ MAYO R ATTEST: CAROL A. EVANS, CMC CITY CLERK I HEREBY CERTIFY that I have approved this Resolution as MITCHELL CITY ATl waranty.rts. westlake RECORD OF COUNCIL VOTE MAYOR ABRAMOWITZ G DIST. 1: V / M KATZ DIST. 2: C / M MISHKIN DIST. 3: C / M SCHRE=IBER DIST. 4: C / W MACHEK