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HomeMy WebLinkAboutCity of Tamarac Resolution R-85-115Introduced by Temp. Reso #3542 Rev. 3/22/85 1 1 2 3 4 5 7 8 9 10 11 12 7 1.5 16 17 18 19 20 .;. L 22 23 I 24 25 2 f: 27 28 29 30 1 32 33 34 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-85-ZZ15� A RESOLUTION PERTAINING TO DISPOSITION OF A WARRANTY BOND POSTED BY LAKESIDE PLAZA PARTNER- SHIP FOR THE LAKESIDE PLAZA PROJECT; AND PRO- VIDING AN EFFECTIVE DATE. WHEREAS, Lakeside Plaza Partnership, as Principal, with Ohio Casualty Insurance Company, as Surety, has filed with the City a warranty bond in the amount of $21,889.04 to guarantee public improve- ments associated with the Lakeside Plaza project; and WHEREAS, the bond is due to expire and there is not properly completed work; and WHEREAS, the Principal has been notified that the work is not properly completed. NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That the recitations as set forth above are true and correct. SECTION 2: That the appropriate City Officials are hereby authorized to call said warranty bond in the amount of $21,889.04 posted by Lakeside Plaza Partnership to guarantee public improvements associated with the Lakeside Plaza project if the remedial repairs are not completed on or before March 29 , 1985, or if the bond has not been extended by that date. SECTION 3: That said bond be released if the remedial repairs are accomplished on or before March 29 1985. SECTION 4: This Resolution shall .beccome effective upon adoption. � PASSED, ADOPTED AND APPROVED this 7rnday of ` :�_e C. , 1985. MAYOR ATTEST:. SSISTANT CITY CLERK RECORD OF COUNCIL. VOTE I HEREBY CERTIFY that I have approved MAYOR: the form and co rectness of this Reso- 1 ut ' DISTRICT DIST":CT �7_ATTORNEY DISTRICT 1 DISTRICT