Loading...
85-ARESOLUTION NO, 85-~ A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA~ ACCEPTING PERFO~NCE BOND FOR PLAT II OF SKY LAKE RECORDED IN PLAT BOOK 46, PAGES 81, 82 and 83 FROM ORIOLE HOMES CORP., AND RELEASING THE PERFO~.iANCE BOND POSTED BY HYLIB, INC. WHEREAS, Resolution No. 84-VVV accepted improvements and reduced the bond amount from $52,000 to $40,000, the value of uncompleted Sidewalks~ swales and street lights for Plat II, Sky Lake~ and WHEREAS, the developer, HYlib, Inc., has sold the property to Oriole Homes Corp., NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BOYNTON BEACH, FLORIDA~ to accept the new bond iln the amount of $40~00.0 posted by Oriole Homes Corp., and release the bond posted by Hylib, Inc. The surety company fOr both "old''~ and "new" bonds is Fidelty and Deposit Company of Maryland. PASSED AND ADOPTED T}{IS ~X~~ ~ , 19~5. day of CITY OF BOYNTON BEACH, FLORIDA BY: ATTEST: Vice Mayor~ (Corp. Seal)