HomeMy WebLinkAboutCity of Tamarac Resolution R-81-0711
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34
y J/ Temp. No. 1880
Introduced b
CITY OF TAMARAC, FLORIDA
RESOLUTION NO . I(? - 8/ - 71
A RESOLUTION CALLING SURETY BOND #360B020A
WITH COMMERCIAL PLAZA,INC.9 AS PRINCIPAL,,AND
WITH THE TRAVELERSII0EMNITY COMPANY, AS SURETY,
IN THE AMOUNT OF $19,462.50 TO GUARANTEE
CONSTRUCTION OF A POSITIVE DRAINAGE SYSTEM
AT COMMERCIAL PLAZA WITHIN THE CITY OF TAMARAC;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, Commercial Plaza, Inc.,as principal',and Travelers
Indemnity Company 7as Surety,,provided the City of Tamarac with a
Surety Bond in the amount of $19,462.50 to guarantee the construction
of a positive drainage system within the City; and
WHEREAS, the Travelers Indemnity Company has provided the
City of Tamarac with a notice of cancellation which provides that the
Surety Bond shall no longer be effective as of April 12, 1981; and
WHEREAS, the principal has not chosen to extend the terms
of the bond; and
WHEREAS, the City deems it necessary to call said bond in
order to have the work -performed itself.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
;ITY OF TAMARAC, FLORIDA:
SECTION 1:. That the Surety Bond No. 360B020A in the amount
>f $19,462.50 posted by Commercial Plaza, Inc., as Principal and the
'ravelers Indemnity Company,,as Surety for the construction of a
)ositive drainage system at Commercial Plaza in the City of Tamarac,
Florida is hereby called and that the City shall commence to have the
)ositive drainage system installed.
SECTION _?-: A copy of this Resolution is being provided
o Commercial Plaza,Inc., and to Travelers I-ndemnity Company.
SECTION 3. : This Resolution shall become effective immediatel
zpon adoption.
PASSED, ADOPTED AND APPROVED this _day of 1981.
kTTEST :. X
MAYOR'.
RECORD OF COUNCIL VOTE
MAYOR:
35 CITY CLERK
I HEREBY CERTIFY that I have DISTRICT
36 approved the form and correctness DISTRICT
of this RESOLUTION.
DISTRICT
�J DISTRICT
CITY ATTORNEY