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HomeMy WebLinkAboutCity of Tamarac Resolution R-85-132Introduced by Temp. Reso. #3595 11 Ul 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 CITY OF TAMARAC, FLORIDA RESOLUTION NO. A RESOLUTION RELEASING TWO WARRANTY BONDS POSTED BY LENNAR HOMES, INC., FOR WATER AND SEWER SERVICE FOR KINGS POINT RECREATION_ COMPLEX; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Lennar Homes, Inc., as Principal, and Citibank, N.A., as Surety, has filed with the City Letter of Credit No. NABG-R91064F in the amount of $7,421.55 to guarantee the water distribution system and Letter of Credit No. NABG-R91065F in the amount of $3,612.68 to guarantee the sewer collection system for Kings Point Recreation Complex; and WHEREAS, the Engineering Department has found that the work has been satisfactorily completed and has recommended release of said bonds. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF TAMARAC, FLORIDA: SECTION 1: That Letter of Credit No. NABG-R91064F in the amount of $7,421.55 to gurantee the water distribution system and and Letter of Credit No. NABG-R91065F in the amount of $3,612.68 to guarantee the sewer collection system for Kings Point Recreation Complex,are HEREBY RELEASED. SECTION 2: This Resolution shall become effective immediately upon adoption. PASSED, ADOPTED AND APPROVED this /0-�'7­day of "� , 1985. A ; , MAYOR - ATTEST: ASSISTANT CITY CLERK I HEREBY CERTIFY that I have approved the for nd correctness of th-isl Resolut n. CXTY /ATTO RECORD OF COUNCIL VOTE MAYOR: IQ2AVITZ DIST 4: CJIM STE W �nv� DIST 3: C!M GOTTESMAN DIST 2: C!M MUNITZ DIST 1: V/M MASSARO ij( l