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83-TT
A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA, REDUCING PERFORMANCE BOND FOR DOS LAGOS P.U.D. WHEREAS, a request has been received to reduce the Performance bond for Dos Lagos P.U.D. Predicated on substantial completion of the work, and WHEREAS, the City Engineer and Director of Utilities concurred with these amounts and have made their recommendations to reduce the bond accordingly. NOW~ THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BOYNTON BEACH, FLORi. DA: Section 1. The Surety bond in the amount of $462,700.00 previously posted with the City on conjunction with DOS LAGOS P.U.D. is hereby released in lieu of a new Performance Bond being furnished the City of Boynton Beach in the total amount of $46,270.00. PASSED AND ADOPTED THIS___~q~ day of~,1983 CITY OF BOYNTON BEACH, FLORIDA By :~ vmce ivia y©r Cou~ncl 1 Memb~J Membe ATTEST (~Corp. Seal)