R03-101 /
RESOLUTION NO. R03- 0 /
A RESOLUTION OF THE CITY OF BOYNTON BEACH,
FLORIDA, AUTHORIZING A FULL RELEASE OF
CASH SURETY IN THE AMOUNT OF $7,882.00 TO
B.J.'s WHOLESALE CLUB.; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the developer of this project had previously posted cash surety in the
amount of $7,882.00 to guarantee satisfactory completion of the on-site water and
wastewater systems; and
WHEREAS, those systems have now been completed, all documentation has
been provided, and the systems have operated satisfactorily through the warranty period;
and
WHEREAS, the City Commission, upon recommendation of staff, deems it
appropriate to authorize a full release of cash surety in the amount of $7,882.00 to B. J.'s
Wholesale Club.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The City Commission of the City of Boynton Beach, Florida, does
hereby approve the tull release of the cash surety in the amount of $7,882.00 to B.J.'s
Wholesale Club.
Section 2. That this Resolution shall become effective immediately upon
passage.
S :\CA\RESO~Letters of Credit~B.J.'s - cash surety release.doc
PASSED AND AI~OI~TEI~ this /? ~day of June, 2005.
Commissioner
ATTEST:
City Clerk
(Corpo~
S:\CA~RESO\LetIers of Credit~B.J.'s -cash surety release.doc