HomeMy WebLinkAboutCity of Tamarac Resolution R-84-1951
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Introduced by A,
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-84-�
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. #3180
WHEREAS, Lennar Homes, Inc., as Principal, with the Citibank, N.A., as
Surety, has filed with the City Letter of Credit No. NABG-390814F in the amount
of 85,441.90 to guarantee the sanitary sewer 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-R90814F in the amount of $5,441.90 posted to
guarantee the sanitary sewer 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, 1.984.
SECTION 4: This Resolution shall become effective upon adoption.
PASSED, ADOPTED AND APPROVED this Z, 7ri-I day of 1984.
ATTEST:
ASSISTANT CITY CLERK
I HEREBY CERTIFY that I have approved
the form and correctness of this
Resolution.
i' �- 7
CI ATTORNEY
RECORD OF COUNCIL VOTE
MAYOR: ffl
DISTRICT 4: VIMEIN
DISTRICT 3: _/M STELZER„��
DISTRICT 2• .�/M MUNITZ�
DISTRICT 1: C/M DUNNE