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HomeMy WebLinkAboutCity of Tamarac Resolution R-92-162135 1 Temp. Reso. # 6347 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-92- j (oa, A RESOLUTION RELEASING A PERFORMANCE BOND POSTED FOR WATER DISTRIBUTION SYSTEM IMPROVEMENTS BY LENNAR HOMES, INC. FOR KINGS POINT RECREATION COMPLEX; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Lennar Homes, Inc., as Principal, with NCNB National Bank of Florida, as Surety, has filed with the City performance Letter of Credit No. 16583 in the amount of $7,542.50 to guarantee water distribution system at Kings Point Recreation Complex; 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 $3,638.13. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That performance Letter of Credit No. 16583 posted by Lennar Homes, Inc., as Principal, with NCNB National Bank of Florida, as Surety, in the amount of $7,542.50 posted for water distribution system improvements at Kings Point Recreation Complex is HEREBY RELEASED, subject to receipt of a one-year warranty bond in the amount of $3,638.13. SECTION 2: This Resolution shall become effective immediately upon adoption. PASSED, ADOPTED AND APPROVED thisl4 day of, 1992. ATTEST: CAROL A. EVANS CITY CLERK I REBY CERTIFY that I ave ppr ved t is Resolut' n as to f MITCHE L S. KRAFT CITY ATTORNEY RECORD OF COUNCIL VOTE MAYOR . BENDER DISTRICT 1; M DISTRICT 2: _ v/Iw SCHUIyIAIVN DISTRICT 3' M DISTRICT 4: C/M ABRAM©WIT7