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HomeMy WebLinkAboutCity of Tamarac Resolution R-77-122Proposed by:C Temp.#772 - Revised Introduced by: C 1 CITY OF TAMARAC, FLROIDA RESOLUTION NO. %% A RESOLUTION AUTHORIZING THE RELEASE OF LETTERS OF CREDIT POSED BY TAMARAC--LAUDERHILL CONGREGATION OF JEHOVAH'S WITNESSES. WHEREAS, Letters of Credit in the amounts of $2,496.25 off site, $3,125.00 site preparation, $3,8856.25 on -site drainage, totaling $9,477.50 were posted by Tamarac -Lauderhill Congregation of Jehovah's Witnesses, and WHEREAS, the City Engineer has made final inspection and recommends release of said Letters of Credit subject to receipt of a 25% substitute letter of credit, and WHEREAS, the City Council wishes to release said Letters of Credit. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That the Letters of Credit in the total amount of $9,477.50 posted by Tamarac -Lauderhill Congregation of Jehovah's Witnesses is hereby released subject to receipt of a substitute letter of credit in the amount of $1,895.50, which is 250 of the actual cost of off -site, and on -site drainage and site preparation. PASSED, ADOPTED AND APPROVED this _day of , 1977. NOTE: Council agreed to permit Jehovah's Witnesses to replace a Letter of Credit in amount post of $34,821.91 for on -site improve-nents and/ -the substitute Letter of Credit in amount of $1,895.50 via one Letter of Credit in amount of $36,717.41 (BT=0032.) &k ATTEST: O 45�e�. RECORD OF COUNCIL VOTE CIT6VCLERK MAYOR W. FALCK V/M H. MASSARO__ G I HEREBY CERTIFY that I have C/M M. WEINBERGER approved the form and correctness C/M I. M. DISRAELLY of this RESOLUTION. C/M M. KIIKA_ e?k,-Pi