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HomeMy WebLinkAboutCity of Tamarac Resolution R-77-096Proposed by: Introduced b CITY OF TAMARAC , FLORIDA RESOLUTION NO .77-96 A RESOLUTION AUTHORIZING RELEASE OF LETTERS OF CREDIT POSTED BY WOODLANDS REALTY CORPORATION FOR NORTH LAUREL CIRCLE. WHEREAS, Letters of Credit in the amounts of $41,000.00 and $6,200,00 were posted by Woodlands Realty Corporation covering the North Laurel Circle project, and WHEREAS, the City Engineer has made final inspection and recommends release of said Letters of Credit, and WHEREAS, Credit. the City Council wishes to release said Letters of NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That the Letters of Credit in the amounts of $41,000.00 and $6,200.00 posted by Woodlands Realty Corporation covering the North Laurel Circle project is hereby released. SECTION 2: Conditions: Release conditioned up on receipt of substitute bond in the amount of $6, 327,15, PASSED, ADOPTED AND APPROVED this ATTEST: I HEREBY CERTIFY that I have approved the form and correctness of this RESOLUTION. -N.- CITY AT91ORNEY RECORD OF COUNCIL VOTE MAYOR W. FA V/M H. MASS) CJM M. WEINE C/M 1. M. DISI C jM M, KI.1KA