HomeMy WebLinkAboutCity of Tamarac Resolution R-81-224Introduced by Temp. #o20S.5
4_4� Rev. 9/22/81
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CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-
A RESOLUTION RELEASING A PERFORMANCE BOND
POSTED FOR PUBLIC IMPROVEMENTS AT WOODMONT
TRACT 62 PROJECT.
WHEREAS, Montwood, Inc., as Principal, and The First National
Bank of Chicago, as Surety, has filed with the City an Irrevocable
Letter of Credit No. 300283 in the amount of $76,245.00 to guarantee
public improvements at Woodmont Tract 62 Project; and
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
$18,446.70.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC,
FLORIDA:
SECTION 1: That the Irrevocable Letter of Credit No. 300283
posted by Montwood, Inc., as Principal, and The First National Bank
of Chicago, as Surety, in the amount of $76,245.00, for public
improvements at Woodmont Tract 62 Project, is HEREBY RELEASED, subject
to receipt of a one-year warranty bond in the amount of $18,446.70.
SECTION 2: This Resolution shall become effective immediately
upon adoption.
PASSED, ADOPTED AND APPROVED this day of 1981.
ATTEST:
ASSISTANT CITY C ERK
I HEREBY CERTIFY that I have approved
29 the form and correctness of this
RESOLUTION.
i,
CITY ATTORNEY
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MAYOR:
DISTRICT
DISTRICT
DISTRICT
DISTRICT
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RECORD OF COUNCIL VOTE