85-YYRESOLUTION NO. 85- ~
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF BOYNTON BEACH, FLORIDA, REDUCING
THE ~40UNT OF THE PERFORMANCE BOND FOR
CONGRESS LAKES, PLAT NO. 1 (p.U.D.) ALSO
KNOWN AS THE CATALINA CLUB IN SECTION 19,
TOWNSHIP 45 SOUTH, RANGE 43 EAST
WHEREAS, a performance bond in the amount of
$405,111.75 was posted for the construction of improvements,
by Riteco Development Corp°ration, and
WHEREAS, all work has been completed and a
certification letter received from the Design Engineer.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
The amount of the bond be reduced to the value of
$25,000.00.
PASSED AND ADOPTED THIS_ ~ ~ day of
CITY OF BOYNTON BEACH, FLORIDA
By:
Mayor
V~_ce Mayo
Counc zl ~mber
Member
Council Member
ATTEST:
~(Corp. Seal)