HomeMy WebLinkAboutCity of Tamarac Resolution R-97-149Temp. Reso. # 7894
Page 1
June 6, 1997
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-97- 14 q
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF TAMARAC, FLORIDA, AUTHORIZING THE
APPROPRIATE CITY OFFICIALS TO RELEASE A
PERFORMANCE BOND, STANDBY LETTER OF CREDIT
#13463795 IN THE AMOUNT OF $6,526.00 POSTED FOR
PUBLIC IMPROVEMENTS AT N.W. 108TH TERRACE
BETWEEN SANIBEL AND CAPTIVA SUBJECT TO RECEIPT
OF A WARRANTY BOND IN THE AMOUNT OF $2,316.75 ;
PROVIDING FOR CONFLICTS; PROVIDING FOR
SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, Pulte Home Corporation, with Pulte Financial Companies, Inc., as
Surety, filed with the City, a Letter of Credit, #13463795, in the amount of $6,526.00 to
guarantee construction of sidewalk as a public improvements at N.W. 108th Terrace
between Sanibel and Captiva; and
WHEREAS, The sidewalk have been inspected and found acceptable by the Public
Works Engineering Division; and
WHEREAS, It is the recommendation of the Public Works Director that the
Performance Bond be released, subject to receipt of a Warranty Bond in the amount of
$2,316.00 pursuant to City Code Section 10-156; 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
Performance Bond, Standby Letter of Credit #13463795, in the amount of $6,526.00,
posted for Public Improvements at N.W. 108th Terrace between Sanibel and Captiva
Temp. Reso. # 7894
Page 2
June 6, 1997
subject to receipt of a Warranty Bond in the amount of $2,316,75.
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
upon adoption hereof.
SECTION 2: That the Letter of Credit #13463795 posted by Pulte Home
Corporation, as Principal, with Pulte Financial Companies, Inc., as Surety, in the amount
of $6,526.00 for public improvements at N.W. 108th Terrace between Sanibel and Captiva
is HEREBY RELEASED, subject to receipt of a Warranty Bond in the amount of $2,316.75.
A copy of the Letter of Credit is attached as "Exhibit 1 ".
SECTION 3: That the appropriate City Officials are HEREBY AUTHORIZED
to release the Performance Bond, Standby Letter of Credit #13463795, in the amount of
$6,526.00 posted for public improvements at N.W. 108th Terrace between Sanibel and
Captiva subject to receipt of a Warranty Bond in the amount of $2,316.75.
SECTION 4: All Resolutions or parts of Resolutions in conflict herewith are
hereby repealed to the extent of such conflict.
SECTION 5: If any provision of this Resolution or the application thereof to
any person or circumstance is held invalid, such invalidity shall not affect other provisions
or applications of this Resolution that can be given effect without the invalid provision or
application, and to this end the provisions of this Resolution are declared to be severable.
1
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1
SECTION 6:
and adoption.
Temp. Reso. # 7894
Page 3
June 6, 1997
This Resolution shall become effective immediately upon its passage
PASSED, ADOPTED AND APPROVED this .Z6 day of � u� 1997.
ATTEST:
6/
)t r�
CAROL A. EVANS
CITY CLERK
I HEREBY CERTIFY that I
approved this
RESOLUTION as to form.
fTCHELL,!N
CITY ATTOR
Agenda mtg 6125/97
bl
0131;-5 �? %,
JOE SCHREIBER
MAYOR
RECORD OF COMMISSION
MAYOR
SCHREIBER
DIST 1:
COMM. McKAYE
DIST 2:
W vl MISHKIN
DIST 3:
COMM. SULTANOF
DIST 4:
COMM. ROBERTS
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