R01-039 RESOLUTION NO. R01~f
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
AUTHORIZING THE RELEASE OF THE UTILITY
AND SITE RESTORATION SURETY (LETTER OF
CREDIT NO. 940959) ON FOSTERS MILL
PROJECT (A/K/A FOSTER FARM PI/D; F/K/A
SUMMERS MILL, a PI/D) IN THE AMOUNT OF
$252,962.60; AND PROVIDING AN EFFECTIVE
DATE.
Wq{EREAS, the developer of this parcel, previously
posted a Letter of Credit (No. 940959) issued by NationsBank
in the amount of $252,962.90 as surety for water and sewer
improvements and restoration; and
WHEREAS, a final inspection has been conducted on this
project and it has been determined by staff that the work
been completed in substantial conformance with the
approved plans and specifications;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COM~ISSION
OF THE CITY OF BOYNTON BEACh, FLORIDA, THAT:
Section 1. The City Commission of the City of
Boynton Beach, Florida, based upon the recommendation of
, hereby approves the release of the utility and site
restoration surety (Letter of Credit No. 940959) on Fosters
Mill Project (a/k/a Foster Farm PUD; f/k/a Summers Mill, a
PUD) in the amount of $252,962.60.
Section 2. That this Resolution shall become.
effective immediately upon passage.
PASSED AND ADOPTED this
ATTEST:
~ day of March;, 2001.
C I T~.,~,~/~X~ACH, FLORIDA
' ~-~a~or ~
Vice Mawr ~
Commi s s i one r
Commissioner