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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)