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HomeMy WebLinkAboutCity of Tamarac Resolution R-85-396Introduced by:_4�� _ Temp. Reso. #3905 r-- I I 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. R-85-�j A RESOLUTION RELEASING FOUR (4) WARRANTY BONDS POSTED FOR PUBLIC IMPROVEMENTS BY LENNAR HOMES INC, FOR ASHMONT PROJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Lennar Homes, as Principal, and Manufacturers National Bank of Detroit, as Surety, has filed with the City, the following let ters of Credit: No. 83269-- $4,184.45 - Phase II water system No. 83270- 4,568.00 - Phase I paving and drainage improvements No. 83321- 1,063.38 -Phase I landscaping improvements No. 83327- 7,921.25 -Phase I sidewalks, slabs etc. WHEREAS, the City Engineering Dept. has found that the work has been satisfactorily completed and has recommended release of said Letters of Credit. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That the following Letters of Credit are HEREBY RELEASED: No. 83269- $4,184.45 -Phase II water system No. 83270- 4,568.00 -Phase I paving and drainage improvements No. 83321- 10063.38 --Phase I landscaping improvements No. 83327- 7,921.25 -Phase I sidewalks, slabs etc. SECTION 2: This Resolution shall become effective immediately upon adoption. PASSED, ADOPTED AND APPROVED this_�_day of ,1985. MA RECORD OF COUNCIL VOTE= I HEREBY CERTIFY tha I have approvecM"OR: KRAVITZ the form and correc ness of this RESOLUTZO DIST 4: C/M STEIN r CIT ATTOR MST 3: (,!,M COTTFSMAN � 1 1 11 le Gso-g� Telex MANUFACTURERS NATIOW BANK • �3-5796 MN8 INTL A OF DETROIT 23-5808 MN8 INTL B INTERNATIONAL BANKING DEPARTMENT P.O. BOX 55-012A DETROIT, MICHIGAN 48255 0 Confirmation of our cable /telex IRREVOCABLE LETTER OF CREDIT DATE: December 11, 1984 City of Tamarac 5811 N.W. 88th Avenue Tamarac, Florida 33321 Gentlemen: NO: 83321 AMOUNT:* *$1,063.38* * RE: Ashmont Phase I Landscaping Improvements We hereby open our Irrevocable Letter of Credit No. 83321 in your favor, for account of Lennar Homes, Inc., 700 N.W. 107th Avenue, Miami, Florida 33172 for a sum not exceeding* * *ONE THOUSAND SIXTY THREE AND 38/100 U.S. DOLLARS* * *available by your draft at SIGHT on MANUFACTURERS NATIONAL BANK OF DETROIT when accompanied by: Your signed Statement as follows: "We certify that Lennar Homes, Inc. is in default pursuant to its obligations and undertakings in connection with its warranty of the landscaping improvement for Ashmont Phase V. Partial drawings are permitted. All drafts drawn under this Credit must be marked "Drawn under Manufacturers National Bank of Detroit's Letter of Credit No. 83321". This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1983 Revision), International Chamber of Commerce Publication No. 400. This original Letter of Credit must be submitted to us together with any drawings hereunder for our endorsement of any payments effected by us and/or for cancellation. I We engage with you that each draft drawn under and in compliance with the terms of this Credit will be duly honored on delivery of the documents as specified if presented at this office on or before December 11, 1985. kmk F 1195 (9-81) IF-ss3yb y.e.,........--s„ti- :�_�., ._.. .,. ....r .._ -..r .a,•1r,a.. sarh•�.. =�.fi rs uuaaa_swat+aa.,�u�i3f�7t-rR7V?t�Exix7�aU�,Aii99Wc7V7� s�luuuh+� Telex MANUFACTURM NATIONAL MNK 23-5796 MNB INTL A OF DETROIT 23-5808 MNB INTL B INTERNATIONAL BANKING DEPARTMENT P.O. BOX 5"12A DETROIT, MICHIGAN 48255 ❑ Confirmation of our cable /telex IRREVOCABLE LETTER OF CREDIT DATE: December 12, 1984 City of Tamarac 5811 N.W. 88th Avenue Tamarac, Florida 33321 Gentlemen: NO: 83327 AMOUNT:* *$7,921.25* * RE: Ashmont Phase I Public Improvements - Sidewalks, Slabs, Etc We hereby open our Irrevocable Letter of Credit No. 83327 in your favor, for account of Lennar Homes, Inc., 700 N.W. 107th Avenue, Miami, Florida 33172 for a sum not exceeding* * *SEVEN THOUSAND NINE HUNDRED TWENTY ONE AND 25/100 U.S. DOLLARS* * *available by your draft at SIGHT on MANUFACTURERS NATIONAL BANK OF DETROIT when accompanied by: Your signed Statement as follows: "We certify that Lennar Homes, Inc. is in default pursuant to its obligations and undertakings in connection with its warranty of the public improvements for Ashmont Phase I".. Partial drawings are permitted. All drafts drawn under this Credit must be marked "Drawn under Manufacturers National Bank of Detroit's Letter of Credit No. 83327". This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1983 Revision), International Chamber of Commerce Publication No. 400. This original Letter of Credit must be submitted to us to with any drawings hereunder for our endorsement of any payments effected by us and/or for cancellation. We engage with you that each draft drawn under and in compliance with the terms of this Credit will be duly honored on delivery of the documents as specified if presented at this office on or before December 12, 1985. kmk F 1195 (9-81) Very truly yours, ': -:1 `-'�/�/�..� Vim, � •------Y Authorized Signature K- g5 3?L C] Telex ., MANUFACTURERS NATIONAL BANK 23.5796 MNB INTL A OF DETROIT 23-5808 MNB INTL, B Cable Address: MAdNUBANK INTERNATIONAL BANKING DEPARTMENT `SWIFT: MNBD US33 P.O. BOX 55-012A DETROIT, MICHIGAN 48255 IV Confirmation Tour cable/telex IRREVOCABLE LETTER OF CREDIT DATE: December 4, 1984 City of Tamarac NO: 83270 5811 N.W. 88th Avenue Tamarac, Florida 33321 AMOUNT:* *$4,568.00* Gentlemen: RE: Ashmont Phase I Paving and Drainage Improvements We hereby open our Irrevocable Letter of Credit No. 83270 in your favor, for account of Lennar Homes, Inc., 700 N.W. 107th Avenue, Miami, Florida 33172 for a sum not exceeding* * *FOUR THOUSAND FIVE HUNDRED SIXTY EIGHT AND N0/100 U.S. DOLLARS* * *available by your draft at SIGHT on MANUFACTURERS NATIONAL BANK OF DETROIT when accompanied by: Your signed Statement as follows: "We certify that Lennar Homes, Inc. is in default pursuant to itS,,,,,vbligati.gns and undertakings in connection with its,.' warra^ ty o the,,_pa4ing j,,,,,and drainage improvements for `'Ashmout Phas Partial drawings are permitted. All drafts drawn under this Credit must be marked "Drawn under Manufacturers National Bank of Detroit's Letter of Credit No. 83270". This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1983 Revision), International Chamber of Commerce Publi— cation No. 400. This original Letter of Credit must be submitted to us together with any drawings hereunder for our endorsement of any payments effected by us and/or for cancellation. - We engage with you that each draft drawn under and in compliance with the terms of this Credit will be duly honored on delivery of the documents as specified if presented at this office on or before December 4, 1985. V truly yours, kmk Pthorized Signature 23-6796 MNB INTL A 23-5808 MNB INTL B Cable Address: MANUBANK SWIFT: MNBD US 33 © Confirmation of our cable/telex MANUFACTURERS NATIONAL BANK OF DETROIT INTERNATIONAL BANKING DEPARTMENT P.O. BOX 55.012A DETROIT, MICHIGAN 48255 IRREVOCABLE LETTER OF CREDIT City of Tamarac 5811 N.W. 88th Avenue Tamarac, Florida 33321 Gentlemen: DATE: December 4, 1984 NO: 83269 AMOUNT:* *$4,184.45* * RE: Ashmont Phase II Water System We hereby open our Irrevocable Letter of Credit No. 83269 in your favor, for account of Lennar Homes, Inc., 700 N.W. 107th Avenue, Miami, Florida 33172 for a sum not exceeding* * *FOUR THOUSAND ONE HUNDRED EIGHTY FOUR AND 45/100 U.S. DOLLARS* * *available by your draft at SIGHT on MANUFACTURERS NATIONAL BANK OF DETROIT when accompanied by: Your signed Statement as follows: "We certify that Lennar Homes, Inc. is in default pursuant to its obligations and undertaking in connection with its warranty"" the water distribution syjitem .fpr„Ashmont Phase II". Partial draings;;`are peh\rftitte s „ All drafts drawn under this Credit must be marked "Drawn under Manufacturers National Bank of Detroit's Letter of Credit No. 83269". This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1983 Revision), International Chamber of Commerce Publi- cation No. 400. This original Letter of Credit must be submitted to us together with any drawings hereunder for our endorsement of any payments effected by us and/or for cancellation. We engage with you that each draft drawn under and in compliance with the terms of this Credit will be duly honored on delivery of the documents as specified if presented at this office on or before December 4, 1985. Very truly ours, f km k Authorized Signatur E] s