HomeMy WebLinkAboutCity of Tamarac Resolution R-83-023Introduced by C Temp
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CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R--83-::-2,1?�
A RESOLUTION RELEASING A PERFORMANCE BOND
POSTED FOR PUBLIC IMPROVEMENTS FOR THE
RICHWAY AT TAMARAC PROJECT; AND PROVIDING
AN EFFECTIVE DATE.
WHEREAS, Federated Department Stores, as Principal, and Southeas
First National Bank of Miami, as Surety, has filed with the City
Letter of Credit No. L03489 in the amount of $58,570.00 to guarantee
public improvements for the Richway at Tamarac project.
WHEREAS, the City Engineer has found that the work has been
satisfactorily completed and has recommended release of said letter of
credit upon receipt of a one-year warranty bond in the amount of
$14,642.50.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC,
FLORIDA:
SECTION 1: That the Letter of Credit No. L03489 posted by
Federated Department Stores, as Principal, and Southeast First
National Bank of Miami, as Surety, in the amount of $58,.570.00 for
public improvements for the Richway at Tamarac project, is HEREBY
RELEASED, subject to receipt of a one-year warranty bond in the amount
of $14,642.50.
SECTION 2: This Resolution shall become effective upon adoption
PASSED, ADOPTED AND APPROVED this.fc�f'�' day of_ 1983.
ATTEST:
ASSISTANT CITY CLERK
I HEREBY CERTIFY that I have
approved the orm and correct
nes,,— f this RESOLUTION.
CITY TTORNEY
MAYOR W
RLCORD OF COUNCIL VOTE
MAYOR;
DISTRICT 1•
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DISTRICT 2:t-,�
DISTRICT 3:.__�
DISTRICT 4: �