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HomeMy WebLinkAboutCity of Tamarac Resolution R-94-018Temp. Reso. #6633 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-94- _ A RESOLUTION RELEASING A PERFORMANCE BOND POSTED FOR PUBLIC IMPROVEMENTS AT PARK PLACE THERAPEUTIC CENTER II; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVFDATE1,,,,,,,,_ WHEREAS, Park Place Therapeutic Center, Ltd. II, as Principal, with Nations Bank, as Surety, has filed with the City performance Letter of Credit No. SM-34684-093 in the amount $27,701.50 to guarantee public improvements at Park Place Therapeutic Center II; and WHEREAS, the City Engineering Department 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 $6,925.37. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF TAMARAC, FLORIDA: SF',CTION 1: That the performance Letter of Credit No. SM-34684--093 posted by Park Place Therapeutic Center, Ltd. II, as Principal, with Nations Bank, as Surety, in the amount of $27,701.50 for public improvements at Park Place Therapeutic Center II is HEREBY RELEASED, subject to receipt of a one-year warranty bond in the amount of $6,925.37. SECTION 2: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict.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. Page 1 of 2 Temp. Reso. #6633 SECTION 4: This Resolution shall become effective immediately upon adoption. PASSED, ADOPTED AND APPROVED this —i!"Ly of 1994. ATTEST: H. BENDER MAYOR CAROL A. EVANS, CMC CITY CLERK I HEREBY CERTIFY that I vEe I approved this RESOLDeN gvas t o�o rm j TCHMIO S CITY ATT RECORD OF COUNCIL VOTE MAYOR BENDER LUST 1: Page 2 of 2