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HomeMy WebLinkAboutCity of Tamarac Resolution R-84-19611 1 u 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Introduced by -1 - A4&� CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-84-Z2� A RESOLUTION PERTAINING TO DISPOSITION OF A WARRANTY BOND POSTED BY LENNAR HOMES, INC., FOR THE ASHMONT PROJECT; AND PROVIDING AN EFFECTIVE DATE. Temp. Reso. #31811 WHEREAS, Lennar homes, Inc., as Principal, with Citibank, N.A., as Surety, has filed with the City Letter of Credit No. NABG-R90813F in the amount of $10,663.24 to guarantee the water distribution system at the Ashmont 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. SECTION 2: That the appropriate City officials are hereby authorized to call Letter of Credit No. NABG-R90813F in the amount of $10,663.24 posted to guarantee the water distribution system at the Ashmont project if the remedial repairs are not completed on or before June 20, 1984, 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 June 20, 1984. SECTION 4: This Resolution shall become effective upon adoption. PASSED, ADOPTED AND APPROVED this day of -x-ems 1984. ATTEST: L- ASSISTANT CITY CLERK I HEREBY CERTIFY that I have approved. the form and correctness of. this RECORD OF COUNCIL VOTE MAYOR: KRAYI_T� - z DISTRICT 4: V M §TKIN DISTRICT 3: C/M STELZER DISTRICT 2: C/M MUNITZ DISTRICT 1: CIM DUNNE