HomeMy WebLinkAboutCity of Tamarac Resolution R-90-251oil
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Temp. Reso. #5926
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-90
A RESOLUTION RELEASING TWO (2)
PERFORMANCE BONDS POSTED FOR PUBLIC
IMPROVEMENTS BY LENNAR HOMES, INC.,
FOR DEVON PHASE II; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, Lennar Homes, Inc., as Principal, and Citibank,
N.A., as Surety, has filed with the City performance Letter of
Credit # NY-0489-30005392 in the amount of $1,700.00 to guarantee
the sewage collection improvements at Devon Phase II; and
WHEREAS, Lennar Homes, Inc., as Principal, and Citibank,
N.A., as surety, has filed with the City Letter of Credit # NY-
0489-30005393 in the amount of $37,667.00 to guarantee the water
distribution improvements at Devon Phase II; and
WHEREAS, the City Engineering Department has found that the
work has been satisfactorily completed and has recommended release
of said performance bonds upon receipt of one-year warranty bonds
in the amount of $5,240.00 for the sewer system improvements and
$12,195.00 for water system improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
TAMARAC, FLORIDA:
SECTION 1: That performance Letter of Credit # NY-0489-
30005392, posted by Lennar Homes, Inc., as Principal, and
Citibank, N.A., as Surety, in the amount of $1,700.00 posted for
sewage collection improvements at Devon Phase II is HEREBY
RELEASED, subject to receipt of a one-year warranty bond in the
amount of $5,240.00.
SECTION 2: That performance Letter of Credit # NY-0489-
30005393 posted by Lennar Homes, Inc., as Principal, and Citibank,
N.A., as Surety, in the amount of $37,667.00 posted for water
distribution improvements at Devon Phase II is HEREBY RELEASED,
subject to receipt of a one-year warranty bond in the amount of
$12,195.00.
Temp. Reso. # 5926
SECTION 3. This Resolution shall become effective
immediately upon adoption.
PASSED, ADOPTED AND APPROVED this A4 day/of , 1990.
ATTEST:
CAROL A. EVANS
CITY CLERK
I HEREBY CERTIFY that I have
approved thi ution as
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ALAN F44MF '
CITY ATTORN
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NORMAN ABRAMOWITZ
MAYOR
RECORD OF COUNCIL VOTE
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