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HomeMy WebLinkAboutCity of Tamarac Resolution R-2000-0261 L Temp. Reso. #8868, December 16, 1999 1 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-2000-c,4 A RESOLUTION OF THE CITY COMMISSION AUTHORIZING THE APPROPRIATE CITY OFFICIALS TO RELEASE A PUBLIC IMPROVEMENT WARRANTY BOND IN THE FORM OF AN IRREVOCABLE STANDBY LETTER OF CREDIT #3014454 FROM BANK OF AMERICA, IN THE AMOUNT OF $2,200,00 FOR THE WATER DISTRIBUTION SYSTEM IMPROVEMENTS INSTALLED BY MEDIAONE OF GREATER FLORIDA, INC., FOR THE MEDIAONE/ARCHIBALD SITE PROJECT, LOCATED ON THE NORTH SIDE OF McNAB ROAD BETWEEN NW 80" AVENUE AND NW 84" AVENUE; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, MediaOne of Greater Florida, Inc., has constructed the MediaOne/Archibald Site Project and installed the Water Distribution System Improvements in accordance with the Site Plan approved by the City Commission on July 8, 1998; and WHEREAS, the City Code Section 10-156(b), requires MediaOne of Greater Florida, Inc., to provide a one-year Warranty Bond to the City of Tamarac for the MediaOne/Archibald Site Project Water Distribution System Improvements located on the north side of McNab Road between NW 801" Avenue and NW 8411 Avenue (attached hereto in map form as "Exhibit 1 "); and 1 1 FJ Temp. Reso. #8868, December 16, 1999 2 WHEREAS, MediaOne of Greater Florida, Inc., has requested the release of a Public Improvement Warranty Bond in the form of an Irrevocable Standby Letter of Credit #3014454 from Bank of America, in the amount of $2,200.00 (attached hereto as "Exhibit 2") for the Water Distribution System Improvements installed for the MediaOne/Archibald Site Project; and WHEREAS, the Improvements were inspected, approved and are recommended for acceptance for City ownership by the Utilities Engineering Division; and WHEREAS, it is the recommendation of the Director of Utilities that the Public Improvement Warranty Bond be released for the MediaOne/Archibald Site Project Water Distribution System Improvements; 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 Public Improvement Warranty Bond in the form of an Irrevocable Standby Letter of Credit #3014454 from Bank of America, in the amount of $2,200.00 from MediaOne of Greater Florida, Inc., for the MediaOne/Archibald Site Project Water Distribution System Improvements. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA: SECTION 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. 1 1 Temp. Reso. #8868, December 16, 1999 3 SECTION 2: That the appropriate City Officials are hereby authorized to release the one-year Public Improvement Warranty Bond for the Water Distribution System Improvements in the amount of $2,200.00 for the MediaOne/Archibald Site Project, located on the north side of McNab Road between NW 80th Avenue and NW 841h Avenue in accordance with Section 10-156 of the City Code. SECTION 3: That the City Clerk is hereby authorized and directed to release to the Utilities Department for return to MediaOne of Greater Florida, Inc., the Warranty Bond for the MediaOne/Archibald Site Project. The bond is in the form of an Irrevocable Standby Letter of Credit #3014454 from Bank of America, in the amount of $2,200.00 for the Water Distribution System Improvements. SECTION 4: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. SECTION 5: If any clause, section, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. 1 1 Temp. Reso. #8868, December 16, 1999 4 SECTION 6: This Resolution shall become effective immediately upon its passage and adoption. PASSED, ADOPTED AND APPROVED this c�6 day of Q, 2000. ATTEST: CAROL GOLD, CMC/AAE CITY CLERK [FR�BY CERTIFY that I have pro edAthis RESOLUT,,ON as MW/krs/mg MITCFtnl-a: K CITY ATTORl' JOE SCHREIBER MAYOR RECORD OF COMMtSS1ON MAYOR SCHRElIBER DIST 1: _ COMM. PORTNEL DIST 2: VIM MISHKtN i DIST 3: COMM. SULTANOF DIST 4: COMM. ROBERTS EXHIBIT 1 � 0 W A9 7 W CIR / W 79 ST W Z Q Q TR55 7 �N n ^ j/�r./j W cbo W W w � / a TR56 ] ©� 78 CT ^gym /// W W W W w w W W r• 7$� W ST T w AVAL❑N ^ W •W❑❑DM❑NT W H �S W CIR / ESTATES ST co co 78 CT W W W W COUNTRY w CLUB W W W W y W W w ] 78 ST W W W W y y W All aTHE CENTRE CPn W �`a ¢ Li w y w A ��"p�' /./ W❑❑DM❑NT W n L W W W w y y y TR74 % T W W W w W � �d�pO h % TAMARAC a W we w W � j V(v ELEM SCHOOL d yC ` n +Rp AL ti PALM Qv�O W PAL T CIR p Q W � ynSIL � 73 i j �� TAMARAC PARK > S.BELL ' 0� rALy Li A 76 ST 11 W TR75 7 W A W W 73 ST TOWN PLAZA n¢ n n 75 w Rj4/ 1 W q C S' 9 _ _ , r % / ST �--� GREENBRIAR (� W 9, C,y S �3 ENVIRONMENTALLY - .j -i 0 W 'ITD1V y y WL71]i1MI]NT An W r- i L I 73 ST ///jj j jj/j/ j j w W y» .• TAMARAC MED. jjjr j /� w' w W UNIV. 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W W VCRSAr IR y y y TAMARAC A GARDCNS w w n MEDIAI_ARC.DWG MEDIAONE ARCHIBALD SITE RELEASE OF WARRANTY BOND Bank of Americ • PAGE: 2 THIS IS AN INTEGRAL PART OF LETTER OF CREDIT NUMBER: 3014454 ELECT NOT TO CONSIDER THIS LETTER OF CREDIT RENEWED FOR ANY SUCH ADDITIONAL PERIOD. WE ENGAGE WITH YOU THAT EACH DRAFT DRAWN UNDER AND IN STRICT COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT WILL BE DULY HONORED IF PRESENTED AT THIS OFFICE ON OR BEFORE THE EXPIRATION DATE OF THIS LETTER OF CREDIT OR ANY EXTENDED DATE AS PROVIDED FOR HEREIN. ALL DRAFT(S) DRAWN UNDER THIS CREDIT MUST BE MARKED: "DRAWN UNDER BANK OF AMERICA NT & SA LETTER OF CREDIT NUMBER 3014454." UNLESS EXPRESSLY STATED OTHERWISE, THIS LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE (1993 REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500 (UCP), OR ANY REVISION TO THE UCP SUPERCEDING PUBLICATION NO. 500. C] IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS TRANSACTION, PLEASE CALL 213-345-6630. THORI GNATURE VALERIE BIANCIHIS DOCUMENT 11 f1l Bank of Americ ' ,. "Exhibit 2" • DATE: FEBRUARY 5, 1999 IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER: 3014454 APPLICANT REFERENCE NUMBER: MOFL BENEFICIARY CITY OF TAMARAC (THE CITY) 7525 NW 88TH AVENUE TAMARAC, FLORIDA 33321 PAGE: 1 APPLICANT MEDIAONE OF GREATER FLORIDA, INC. 7800 BELFORT PARKWAY #27Q JACKSONVILLE, FL 32256 AMOUNT USD 2,200.00 TWO THOUSAND TWO HUNDRED AND 00/100'S US DOLLARS EXPIRATION JANUARY 30, 2000 AT OUR COUNTERS BY ORDER OF OUR CLIENT, MEDIAONE OF GREATER FLORIDA, INC., 7800 BELFORT PARKWAY, #270, JACKSONVILLE, FL 32256, WE HEREBY OPEN OUR IRREVOCABLE LETTER OF CREDIT NUMBER 3014454 IN YOUR FAVOR FOR AN AMOUNT NOT TO EXCEED IN THE AGGREGATE U.S. DOLLARS 2,200.00 (TWO THOUSAND TWO HUNDRED AND 00/100 U.S. DOLLARS) EFFECTIVE IMMEDIATELY AND EXPIRING AS STATED HEREIN AT OUR OFFICE LOCATED AT 333 SOUTH BEAUDRY AVENUE, 19TH FLOOR, LOS ANGELES, CA 90017. WITHOUT OBLIGATION ON OUR PART, WE ARE ADVISED THAT THIS IRREVOCABLE LETTER OF CREDIT IS TO ENSURE THE CORRECTION OF ALL INSUFFICIENCIES IN DESIGN, WORKMANSHIP AND/OR MATERIALS WHICH ARE FOUND WITHIN ONE (1) YEAR OF THE DATE OF THE FORMAL ACCEPTANCE OF THE IMPROVEMENT BY THE CITY OF TAMARAC FOR THE INSTALLATION OF PUBLIC IMPROVEMENTS 11