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HomeMy WebLinkAboutCity of Tamarac Resolution R-81-175Introduced by _ Temp. #2011 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-yZf4?,5r A RESOLUTION RELEASING A PERFORMANCE BOND POSTED FOR SIDEWALKS AT SOUTHGATE GARDENS PROJECT. WHEREAS, Citizens and Southern Realty Investors, as Principals, and The Aetna Casualty and Surety Company, as Surety, has filed with the City a Surety Bond in the amount of $10,750.00 to guarantee sidewalks at Southgate Gardens Project; and WHEREAS, the City Engineer has found that the work has been satisfactorily completed and,has recommended release of said surety bond upon receipt of a one-year warranty bond in the amount of $3,317.50. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That the Surety Bond posted by Citizens and Southern Realty Investors, as Principals, and The Aetna Casualty and Surety Company, as Surety, in the amount of $10,750.00, for sidewalks at Southgate Gardens Project, is HEREBY RELEASED, subject to receipt of a one-year warranty bond in the amount of $3,317.50. SECTION 2: This Resolution shall become effective imme- diately upon adoption. PASSED, ADOPTED AND APPROVED this a�day of , 1981. ATTEST: ASSISTANT CIITY CLERK I HEREBY CERTIFY that I have approved the form and correct- ness of this RESOLUTION. CITY ATTORNEY MAYOR: DISTRICT DISTRICT DISTRICT DISTRICT RECORD OF COUNCIL VOTE