HomeMy WebLinkAboutCity of Tamarac Resolution R-2000-008December 15, 1999 -Temp. Reso. # 8865
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CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2000-109
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF TAMARAC, FLORIDA, AUTHORIZING THE
APPROPRIATE CITY OFFICIALS TO RELEASE WARRANTY
BOND (LETTER OF CREDIT #S970413) IN THE AMOUNT OF
$10,000.00 POSTED FOR A DRAINAGE CULVERT ON THE
WEST SIDE OF NOB HILL ROAD AT THE INTERSECTION
OF 77T" STREET; PROVIDING FOR CONFLICTS;
PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, Lennar, Inc. with Suntrust as Surety, has filed with the City a warranty
bond; (Letter of Credit # S970413) in the amount of $10,000.00 to guarantee construction
of a drainage culvert on the West Side of Nob Hill Road at the Intersection of 77th Street;
and
WHEREAS, the drainage culvert has been inspected and found acceptable by the
Public Works Engineering Division; and
WHEREAS, pursuant to City Code Section 10-156, this warranty bond has remained
in place for the required one (1) year period; and
WHEREAS, it is the recommendation of the Public Works Director and the DRC
Engineer that the warranty bond be released; and
WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be in
the best interest of the citizens and residents of the City of Tamarac to release the warranty
bond, Letter of Credit # S970413, in the amount of $10,000.000, posted for the drainage
culvert on the West Side of Nob Hill Road at the Intersection of 771h Street.
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December 15, 1999 - Temp. Reso. # 8865
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA THAT:
Secti„Qn 1: The foregoing "WHEREAS" clauses are hereby ratified and confirmed
as being true and correct and are hereby made a specific part of this resolution.
Section 2: The appropriate City Officials are hereby authorized to release the
warranty bond (Letter of Credit # S970413) in the amount of $10,000,00 posted for the
drainage culvert on the West Side of Nob Hill Road at the Intersection of 77" Street.(a copy
of the Letter of Credit is attached hereto as "Exhibit 1 ").
Section 3: That all Resolutions or parts of resolutions in conflict herewith are
hereby repealed to the extent of such conflict.
Section 4: If any clause, section, other part or application of this Resolution is
held by any court of competent jurisdiction to be unconstitutional or invalid, in part or
application, it shall not affect the validity of the remaining portions or applications of this
Resolution.
Section 5: This Resolution shall become effective immediately upon its passage
and adoption.
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December 15, 1999 -Temp. Reso. # 8865
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PASSED, ADOPTED AND APPROVED this _,z�g day of 000.
7
JOE SCHREIBER
MAYOR
ATTEST:
CAROL GOL CMC/AAE
CITY CLERK
I HEREBY CERTIFY that I have
apgroved this RESOLUTION
/ IAOTCHELY
CITY ATT
RECORD OF COMMISSION
MAYOR SCHREIBER
DIST 1: `...._
„ COMM. PORTNER
DIST 2: V%M MISHKIN
DIST 3: COMM. SULTANOF
DIST 4: COMM. ROBERTS
U:\engineering\Resolutions\8865RES-Southampton Culvert.doc
SuNTRusior
QCABLE LETTER OF CREDIT NUMBER S970413
IL 1G, 1996
'ITY OF TAMARAC
'525 N.O. SBTH AVE.
'AMARAC, FLo 333Z1
IE: OUR IRREVOCA19L13 LET9'SR OF CREDIT $9704i3
11,1ISSUED:I ►TUNE 23,1.1997 1 I„
CURRENT BALANCE: 10,000.00 U.S. DOLLARS
111'A&OUkt'1 PARTY: L&NAR HOMES,' INC.
NLWI PXPIRATION BATS. 1.7UNE 23, . 1999
)EAR CITY OF TAMARAC
•I .lia•, 11. r . 1,• , • 1.. 1
MIS IS TO NOTIFY YOU THAT THE ABOVE REFERENCED LETTER OF
'RBC)IT HAb"h6BN RENENBD FOR AW ADDITIONAV PERIOD AS STATBb
IN THE ITSRMS AND, CONDITIONS; OF THE LETTER OF CREDIT.. ,
ro IS A'NOTIFICATION ONLY AND IS NOT -AN AMEM)MENT TO THE
Vi0�U
NAL LETTER OF CREDIT.
I�IAVE� ANY QUESTfO�V9 CONCERNING THIS LETTER OF CREDIT
PLE,ASB,CALL OURiL TTER OF, CASDIT DEPARTMENT AT (305) 591-
62 0, itEFERRING OUR NEW LETTER Or CREDIT NUMBER S910413
AN T1<LIS RENEW N ICE. '
S LLY,
AUTHORIZED SIGNATURE I
SUNTRUST INTL SERVICES, INC.
ACTING AS AGENTS FOR''
SUNTRUST BANK, MIAMI, N.A.
307
CC: LENNAR HOMES, INC.
700 NW I07Til AVENUE
MIAMI, FL 33172
I *
I
All correspondence and communlcollon should be directed to out agent SunTrusl Inlernallonal Services, Inc., 3737 N.W. 671h
Avenue, Mlaml. Florida 3317e 5wgk 5NDOU53M Telax; 6734609
5T /£T 39dd
84TV Z2,6 756:kdd SSOK 8MO0 ld NdHdN2Id0:9I T0:bT 66, £T/80 088'ON 31I3