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HomeMy WebLinkAboutCity of Tamarac Resolution R-83-187Temp. # 2780 1 2 3! 411 5 6 9 10 11 12 13 MXI! 15 16 O&M i P 20 21 22 23 24 25 28 29 30 1 B3 34 35 36 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-83 - A RESOLUTION AUTHORIZING APPROPRIATE OFFICIALS TO CALL THE BOND POSTED BY NORANDA-DEVCO JOINT VENTURE, FOR INSTALLATION OF N. W. 72 STREET ASSOCIATED WITH MINA$ PLAZA NORTH; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Noranda--Devco Joint Venture, as principal, has filed with the City of Tamarac Letter of Credit No. 590, in the amount of $8,608.12, with Consolidated Bank, N.A., as surety, thereunder to guarantee installation -of N. W. 72 Street associated with McNab Plaza North; and WHEREAS, the bond is due to expire and there is not properly completed work; and completed. WHEREAS, the principal has been notified that the work is not properly NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF 'TAMARAC, FLORIDA. SECTION 1: That the recitations set forth above are true and correct. SECTION 2: That Letter of Credit No. 590, in the amount of $8,608.12, posted by Noranda-Devco Joint Venture, as principal, and Consolidated Bank N.A., as surety, is hereby called by the City of Tamarac if the remedial repairs have not been completed or if an extension has not been provided to said bond on or before July 25, 1983. SECTION 3: That if remedial repairs have been completed by July 25, 1983 Letter of Credit No. 590 is released. SECTION 4: This Resolution is effective upon adoption. PASSED, ADOPTED AND APPROVED this �� ATTEST: I HEREBY CERTIFY- that I-- have ----. aunroved the form and correctness MAYORt DISTRICT DISTRICT DISTRICT DISTRICT RECORD OF COUNCIL VOTE