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HomeMy WebLinkAboutCity of Tamarac Resolution R-87-144Introduced by Temp. Reso. #4594 CITY OF TAMARAC, FLORIDA, RESOLUTION NO. R-87- / TL A RESOLUTION RELEASING A PERFORMANCE BOND POSTED FOR THE SANITARY SEWER SYSTEM FOR CALICO COUNTRY; AND PROVIDING AN EFFECTIVE DATE WHEREAS, Atlantic and Pacific Construction Company, as Principal, and Regency Insurance Company, as Surety, has filed with the City a Performance Bond in the amount of $61,970.00 to guarantee public improvements at the Calico Country Project (Woodview Tract 38); and • WHEREAS, the City Engineer has found that the work has been satisfactorily completed and has recommended release of said bond upon receipt of a one-year warranty bond in the amount of $25,250.00. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: SNCT19& 1: That the Bond posted by Atlantic and Pacific Construction Company, as Principal, and Regency Insurance Company, as Surety, in the amount of $61,970.00 for public improvements at Calico Country (Woodview Tract 38) is HEREBY RELEASED, subject to receipt of a one-year warranty bond in the amount of $25,250.00. CTIO 2: This Resolution shall become effective immediately upon adoption. PASSED, ADOPTED AND APPROVED this day of , 1987 MAY R.., BERNARD HART kTTEST: r / i CITY CLERK CAROL E. BARBUTO HEREBY CERTIFY that I gave approved the form and orrectness of this ESOLUTION. -.. Y A17JJ'' NEY t A. B NT APPLEGATE MAYOR: HART ... � :........,.,.�.._._. el DIST. L C/M ROHR DIST. 2: C/M STELZI DIST. 3: C/M HOFFN DIST. 4: V/M STEIN