R24-270 RESOLUTION NO. R24-270
2
3 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON
4 BEACH, FLORIDA, APPROVING THE FULL RELEASE OF PERFORMANCE
5 BOND NO.: CE11927900002 IN THE AMOUNT OF $495,708.07 FOR
6 COMPLETING THE CLEARING AND GRUBBING ASSOCIATED WITH
7 THE WAWA PROJECT LOCATED AT 2505 WOOLBRIGHT ROAD,
8 BOYNTON BEACH, FL; AND FOR ALL OTHER PURPOSES.
9
10 WHEREAS, the Wawa project is located at 2505 Woolbright Road, at the northeast corner
11 of Woolbright Road and Congress Avenue, within the City of Boynton Beach. Pursuant to City
12 Code of Ordinances Article III, Sec. B., a 110%performance bond for the Land Development Permit
13 was collected, based on the cost estimate of $450,643.70, of the duly licensed professional in the
14 State of Florida for the on-site paving, grading, and drainage improvements for the WAWA
15 Project; and
16 WHEREAS, Philadelphia Indemnity Insurance Company, a surety company authorized to
17 do business in the state of Florida, submitted a Performance Bond on April 13, 2022, for the
18 completion of the clearing and grubbing in association with Wawa, in the amount of$495,708.07;
19 and
20 WHEREAS, the construction company, AT Construction Management, has requested
21 reducing the bond to 5% of the cost estimate; however, the bond reduction request never made
22 it to a commission meeting and, therefore, was never executed; and
23 WHEREAS, the work was completed on April 13, 2023, and the one (1) year warranty
24 period has expired; and
25 WHEREAS, the Public Works Department Engineering Division requests approval to fully
26 release Performance Bond No. CE11927900002, in the amount of$495,708.07, for the completion
27 of the clearing and grubbing in association with the Wawa project; and
28 WHEREAS, the City Commission, upon the recommendation of staff, has deemed it in the
29 best interests of the city's citizens and residents to approve the full release of Performance Bond
30 No.: CE11927900002 in the amount of $495,708.07 for completing the clearing and grubbing
31 associated with the Wawa project located at 2505 Woolbright Road, Boynton Beach, FL.
32
33 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON
34 BEACH, FLORIDA, THAT:
35 SECTION 1. The foregoing "Whereas" clauses are hereby ratified and confirmed as
36 being true and correct and are hereby made a specific part of this Resolution upon adoption.
37 SECTION 2. The City Commission of the City of Boynton Beach, Florida, hereby approves
38 the full release of Performance Bond No.: CE11927900002 in the amount of $495,708.07 for
39 completing the clearing and grubbing associated with the Wawa project located at 2505
40 Woolbright Road.
41 SECTION 3. This Resolution shall take effect in accordance with law.
42
43 PASSED AND ADOPTED this 1-14+1 day of ijaiern,�� 2024.
44 CITY OF BOYNTON BEACH, FLORIDA
45 YES NO
46 Mayor—Ty Penserga
47
48 Vice Mayor—Aimee Kelley
49
50 Commissioner—Angela Cruz
51 f_
52 Commissioner—Woodrow L. Hay
53
54 Commissioner—Thomas Turkin
55
56 VOTE o
57 AT ES :
58
60 Mayle- D- Jesus, MP', MC Ty - ga
61 City C erg _ May,.
62 „'0`I NTON`��`
63f 0 �oR•PaRATF .Fye APPROVED AS TO FORM:
64 (Corporate Seal) ;e SEAL
v INCORPORAYED
65 � ke
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67 � '""'c Shawna G. Lamb
68 ` ��• City Attorney