HomeMy WebLinkAboutCity of Tamarac Resolution R-81-206Introduced by —
Temp. #2034
Rev. 9/9/81
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CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-V-02
A RESOLUTION RELEASING A LETTER OF CREDIT
POSTED FOR PUBLIC IMPROVEMENTS AT
COMMERCIAL GARDEN MALL PROJECT.
WHEREAS, A & M Building Contractors, Inc., through Sun First
National Bank of Orlando, has filed with the City an Irrevocable
Standby Letter of Credit No. SB1266, in the amount of $10,560.00, to
guarantee public improvements at Commercial Garden Mall 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
$4,161.28.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC,
FLORIDA:
SECTION 1: That the Irrevocable Standby Letter of Credit
No. SB1266 posted by A & M Building Contractors, Inc., through Sun
First National Bank of Orlando, in the amount of $10,560.00, for
public improvements at Commercial Garden Mall project, is HEREBY
RELEASED, subject to receipt of a.one-year warranty bond in the
amount of $4,161.28.
SECTION 2: This Resolution shall become effective imme-
diately upon, adoption.
PASSED, ADOPTED AND APPROVED this 9th day of September 1981
ATTEST:
gd'-
ASSISTANT CITY CLERK
I HEREBY CERTIFY that I have
approved the form and correct-
ness of this RESOLUTION.
ITY ATTORNEY
MAYOR.
DISTRICT
DISTRICT
DISTRICT
DISTRICT
A
RECORD OF COUNCIL VOTE