R03-145 RESOLUTION NO. R03- tM ~'
A RESOLUTION OF THE CITY OF BOYNTON BEACH,
FLORIDA, AUTHORIZING A FULL RELEASE OF
CASH SURETY IN THE AMOUNT OF $36,850.00 TO
VERDERAME CONSTRUCTION CO., FOR THE
PROJECT KNOWN AS GOLDEN CORRAL; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the developer of this project had previously posted cash surety in the
~rnount of $36,850.00 to guarantee satisfactory completion of the permitted work for the
~roject known as the Golden Corral; and
WHEREAS, the work has been completed and the Certificate of Occupancy has
>een issued; and
WHEREAS, the City Commission, upon recommendation of staff, deems it
~ppropriate to authorize a full release of cash surety in the amount of $36,850.00 to the
:leveloper.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
DF THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The City Commission of the City of Boynton Beach, Florida, does
aereby approve the ~ull release of the cash surety in the amount of $36,850.00 to the
~eveloper, Verderame Construction Company, for the project known as Golden Corral.
Section 2. That this Resolution shall become effective immediately upon
~assage.
S:\CA\RESO\Letters of Credit~Release of Surety Verderame Constructicn.doc
PASSED AND ADOPTED this lq day of August, 2003.
!
CITY ~}ff BOYN~).~ BEACH, FLORIDA
May,6r .
Commissioner
~TTEST:
~C
;:\CA\RESO\Letters of Credit\Rebase of Surety Verderame Constructicn.doc