HomeMy WebLinkAboutCity of Tamarac Resolution R-1975-065OF TAMAR.AC, FLORIDA
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RESOLUTION NO.
A RESOLUTION AUTHORIZING THE RELEASE OF
A SUBDIVISION IMPROVEMENT BOND GIVEN BY
LIEBERMAN CORPORATION OF FLORIDA, AS
PRINCIPAL.
WHEREAS, pursuant to City Ordinance No. 71-23 a Subdivision Improve-
ment Bond was required incident to certain subdivision improvements in
that project known as Tamarac Fairways situate lying and being within
the corporate limits of Tamarac, Florida, and
WHEREAS, a Subdivision Improvement Bond, in the original principal
amount $127,500.00 was executed by Lieberman Corporation of Florida, a
Florida Corporation, as principal, and Fidelity and Deposit Company of
Maryland, as surety, and
WHEREAS, Lieberman Corporation of Florida, has executed an Affidavit
and Certification as to the actual construction costs of said project and
have submitted in accordance therewith a substitute Subdivision Improvement
Bond in the amount of $14,750.00, representing 25% of the actual cost as
set forth in said Affidavit and Certification, and
WHEREAS, the City Council has knowledge that the subdivision improve-
ments pursuant to said Bond West of NW 84th Terrace have not been constructed,
and
WHEREAS, Lieberman Corporation of Florida has, by letter, indicated its
intent to divest itself of any vested rights in and to said project west of
Northwest 84th Terrace, and
WHEREAS, the City Engineer has inspected the project east of Northwest
84th Terrace and recommended release of the Bond and formal acceptance of the
improvements by the City.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC,
FLORIDA:
SECTION 1: The City Council of the City of Tamarac finds that Lieberman
Corporation of Florida being the principal of the certain Bond in the original
amount $127,500.00 has met the conditions precedent to said Bond and has
further provided a substitute Subdivision Improvement Bond in accordance with
Ordinance 74-45.
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SECTION 2: The original Subdivision Improvement Bond in the amount
$127,500.00 is hereby released and the City accepts the improvements of
said project located east of Northwest 84th Terrace.
SECTION 3: The City Council hereby accepts the letter of Lieberman
Corporation of Florida divesting itself of any and all vested rights of
said project west of Northwest 84th Terrace, with the expressed understanding
that all prior approvals except as to the plat filed herein are null and
void.
PASSED, ADOPTED AND APPROVED this day of M177�—'
1975.
ATTEST:
City C1 rk
I HEREBY CERTIFY that I have approved
the form and correctness of this
T7 W Q nT T 7r r ATT
RECORD OF COUNCIL VOTE
MAYOR - D. JOHNSON I " I
V / M • E. LANCE (
C / W - H. MASSARO
C / M - 0. TUCKER
C / M - M. GLICKSMAN I I