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HomeMy WebLinkAboutCity of Tamarac Resolution R-83-136traduced by Temp.# 2725 1 Fz 3 4 61' 7 B 9 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R- ZJ /,,aka A RESOLUTION RELEASING A PERFORMANCE BOND POSTED FOR PUBLIC IMPROVEMENTS BY LAKES OF CARRIAGE HILLS, INC.; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Lakes of Carriage Hills, Inc. , as Principal, ind -Great American Bank of Davie as Surety, ias filed with the City Letter of Credit No. L/C #063 in the 10 mount of $121,150.50 to guarantee public improvements at ]1 Lakes of Carriage Hills project; and .22 WHEREAS, the City Engineer has found that the work has been 133 atisfactorily completed and has recommended release of said 24 and upon receipt of a one-year warranty bond.in the amount -of 15. 28,125.13. 16 20 21 22 23 24 25 26 .7 28 OW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, LORIDA: SECTION 1: That the Letter of Credit No. L/C #063 posted by Lakes of Carriage Hills, Inc as Principal, nd Great American Bank of Davie , as Surety, in he amount of $121,150.50 for public improvements at Lakes of Carriage Hills project is HEREBY RELEASED, subject to receipt f a one-year warranty bond in the amount of $ 28,125.13. SECTION 2: This Resolution shall become effective immediately upon adoption. PASSED, ADOPTED AND APPROVED this ,_14' day of 122Z We7 198'3.._. 29 1ATTEST: SSISTANT CITY CLERK I HEREBY CERTIFY that I have pproved the f m and correct - es "f this ESOLUTION. n i� •�:wss��r� 36 MAYOR DISTRICT DISTRICT DISTRICT DISTRICT 14 AY RECORD OF COUNCIL VOTE