HomeMy WebLinkAboutCity of Tamarac Resolution R-87-3911
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Temp. Reso. #4863
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-87- 3q/
A RESOLUTION RELEASING A PERFORMANCE BOND
POSTED FOR PUBLIC IMPROVEMENTS BY WATERFORD AT
WOODMONT, LTD. FOR WOODMONT TRACT 59 (WATER -
FORD ISLE); AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, Waterford at Woodmont, LTD., as Principal, and
Florida National Bank, as Surety, has filed with the City
Letter of Credit No. M-1510 in the amount of $30,950.00 to
guarantee public improvements at Woodmont Tract 59 (Waterford
Isle); and
WHEREAS, the City Engineering Department has found that
the work has been satisfactorily completed and has recom-
mended release of said bond upon receipt of a one-year
warranty bond in the amount of $7,846.75.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
TAMARAC, FLORIDA:
SECTION 1: That the Letter of Credit No. M-1510 posted
by Waterford at Woodmont LTD., as Principal, and Florida
National Bank, as Surety, in the amount of $30,950.00 for
public improvements at Woodmont Tract 59 (Waterford Isle) is
HEREBY RELEASED, subject to receipt of a one-year warranty
bond in the amount of $7,846.75. 1,
SECTION 2: This Resolution shall become effective
immediately upon adoption.
PASSED, ADOPTED AND APPROVED this / day of
1987.
ATTEST:
CAROL, F. nAR7317TO
CITY CLERK
I HEREBY CERTIFY that I have
approved this RESOLUTION as to
fo-rn.
RICHARD DOODY
CITY ATTORNEY
r MAYOR
MAYOR: HART
DIST. 1: C/M ROHR
DIST. 2: C/M STELZER
DIST. 3: C/M HOFFMAN
DIST. 4: V/M STEIN .._,.,,