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85-QQRESOLUTION NO. 85-C'~(~) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BOYNTON BEACH, FLORIDA, REDUCING THE AMOUNT OF THE PERFORMANCE BONDS FOR POD P OF THE SUMMIT PLAT NO.1 ALSO KNOWN AS EASTGATE AT HUNTERS RUN IN SECTION 6, TOWNSHIP 46 SOUTH, RANGE 43 EAST WHEREAS, performance bonds in the amount of $280,000 and $208,000 were posted for the construction of improvements, and WHEREAS, all work is completed except far'--.an ~oncrete overlay for 1100 linear feet of'the:streets. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT: The amount of the bonds be reduced to the value of the uncompleted asphaltic concrete overlay of $10,000 and that each bond be reduced to the value of $5,000. PASSED AND ADOPTED THIS day of CITY OF BOYNTON BEACH, FLORIDA ATTEST: (-Corp. Seal Vice Mayor CO u-n~'l Mem~ ~o un~i~mbe-r ~ll Member