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81-QQQA RESOLUTION OF THE CITY OF BOY~ITON BEACH, FLOHIbA, REdUCInG LETTEi{ OF CREDIT FOH HUNTER'S RUN, PLAT NO. 1. WHER~EAS,'a request was received reflecting sufficient ~ork completed to warrant a reduction in the letter of credit; and W~EREAS, the City Engineer and Director of Utilities have concurred with this request and made their recommendations to re- duce the bond accordingly; and WHEREAS, this request has in fact previously ~een approv~ by motion. NOW, THEHEFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THt CITY OF BOYNTON BEACH, FLORIDA: Section 1. The City of Boynton. Beach.hereby resolves that the reduction of the letter of credit in the amount of $800j000.00 to $100,000.00 previously posted with the City in conjunction with Hunter's Run, Plat No. 1 is ~ereby resolved to have been approved. PASSED AND ADOPTED THIS ~ day of ~/~ , 1981 ~TTEST: (Corp. Sea.i) CITY OF BOYNTON BEACH, FLORIDA Mayor Council Member