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HomeMy WebLinkAboutCity of Tamarac Resolution R-87-2121 2 3 4 5 1 8 9 10 11 12 13 14 15 16 17 1 20 21 22 23 24 25 26 27 28 29 30 1 32 33 34 35 36 Introduced by: Temp. Reso. #4673 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-87- r,z-�c A RESOLUTION RELEASING WARRANTY BONDS POSTED FOR THE WATER DISTRIBUTION SYSTEM AND THE SEWAGE COLLECTION SYSTEM BY LENNAR HOMES, INC., FOR BELFORT PHASES II, III AND IV; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Lennar Homes Inc., as Principal and Man- ufacturers National Bank of Detroit, as Surety, � has filed with the city Letter of Credit No. 87446 in the amount of $14,116.80 to guarantee the water distribution system and Letter of Credit No. 87447 in the amount of $9,725.23 to guarantee the sewage collection system at Belfort Phases II, III and IV; and WHEREAS, the City Engineering Department has found that the work has been satisfactorily completed and has recom- mended release of said bonds. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That the Letter of Credit No. 87446 posted by Lennar Homes, Inc. as Principal, and Manufacturers National Bank of Detroit, as Surety, in the amount of $14,116.80 for the water distribution system at Belfort Phases IT, III and, IV is HEREBY RELEASED. SECTION 2. That the Letter of Credit No. 87447 posted by Lennar Homes, Inc., as Principal, and Manufacturers National Bank of Detroit, as Surety, in the amount of $9,725.23 for the sewage collection system at Belfort Phases II, III and IV, is HEREBY RELEASED. 1 1 2 3 4 8 9 10 11 12 13 14 15 16 27 20 21 22 23 24 25 26 27 28 29 30 32 33 34 35 36 Temp. Reso. #4673 SECTION 3: This Resolution shall become effective immediately upon adoption. PASSED, ADOPTED AND APPROVED this , day of 1987. ATTEST: CAROL E. BARBUTO CITY CLERK I HEREBY CERTIFY that I have approved this RESOLUTION as to form. A.,BRYANT'APPLEGATE CITY ATTORNEY 1 A- 17A--;;l 4� A A BERNA D HART MAYOR MAYOR:HART DIST, 1: C/M ROHR DIST. 2: C/M STEIZER DIST. 3: C/M HOFFMAN _ c DIST. 4: V/M STEIN 2