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HomeMy WebLinkAboutCity of Tamarac Resolution R-82-225ntroduced by W_41.0�Temp. # 2389 3 2 FKl 9 10 .0 32 33 .24 25 16 17 4";1 20 F►�1 22 23 24 25 26 27 29 29 32 33 34 35 36 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-&a—o2o?� A RESOLUTION RELEASING A PERFORMANCE BOND POSTED FOR PUBLIC IMPROVEMENTS BY BONAIRE ASSOCIATES, LTD. FOR _'WOODMONT TRACT 74 AND 75 - Phase I WHEREAS, BONAIRE ASSOCIATES, LTD. as Principal, and FIRST NATIONAL BANK OF CHICAGO , as Surety, has filed with the City Bond No.1402-00301346-301346 in the amount` of $ 214,064.71 to guarantee public improvements at Woodmont Tract 74/75 - Phase I WHEREAS, the City Engineer has found that the work has been satisfactorily completed and has recommended release of said bond upon receipt of a one-year warranty bond in the amount of $23,607.00 NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That the Bond No.1402-00301346=301346 posted by Bonaire Associates, Ltd , as Principal, and First National Bank of Chicago , as Surety, in the amount of $ 214,064.71 for public improvements atWoodmont Tract 74 and 75 Phase I is HEREBY RELEASED, subject to receipt Df a one-year warranty bond in the amount of $ 23,607.00 SECTION 2: This Resolution shall become effective immediately upon adoption. PASSED, ADOPTED AND APPROVED this "-,Z;I) day of 1981. ATTEST: ASSISTANT CITY CLERK I HEREBY CERTIFY that I have approved the form Xnd correct- MAYOR: ness this RES UTION. DISTRICT i DISTRICT C I T7TORNET DISTRICT DISTRICT MAYOR RECORD OF COUNCIL VOTE