HomeMy WebLinkAboutCity of Tamarac Resolution R-84-425Introduced by r'----------------
Temp. Reso. #3445
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CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-84- �a
A RESOLUTION PERTAINING TO DISPOSITION OF
A WTARRANTY.BOND POSTED BY MONTWOOD, INC.,
FOR THE WOODMONT TRACT 59 PROJECT; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, Montwood, Inc., as Principal, with The First
National Bank of Chicago, as Surety, has filed with the City
Letter of Credit No. 1402-00304724 in the amount of $58,095.32 to
guarantee public improvements associated with the Woodmont Tract
59 project; and
WHEREAS, the bond is due to expire and there is not properly
completed work; and
WHEREAS, the Principal has been notified that the work is not
properly completed.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
TAMARAC, FLORIDA:
SECTION 1: That the recitations as set forth above are
true and correct. 6
SECTION 2: That the appropriate City officials are hereby
authorized to call Letter of Credit No. 1402-00304724 in the amount
of $58,095.32 posted to guarantee public improvements associated
with the Woodmont Tract 59 project if the remedial repairs are not
completed on or before January 3, 1985, or if the bond has not been
extended by that date.
SECTION 3: That said Letter of Credit be released if the
remedial repairs are accomplished on or before January 3, 1985.
SECTION 4: This Resolution shall become effective upon
adoption.
PASSED, ADOPTED AND APPROVED this '4'2 7� day of , 1984.
MAYOR
ATTEST:
RECORD OF COUNCIL VOTE
nn � MAYOR: KRAVITZ
ASSISTANT CITY CLERK DISTRICT4: VIM STEIN
I HEREBY CERT FY that I have DISTRICT3: C/M STELZER
approved the orm and correctness
of is S UTION � DISTRICT2: C/M MUNITZ
Ci y Attorney
DISTRICTL C/M BERNSTEIN