R02-182RESOLUTION NO. R02-
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, APPROVING
AND ACCEPTING A LETTER OF CREDIT SUBMITTED
FOR THE PROJECT KNOWN AS CYPRESS CREEK
VILLAS, AND ISSUED BY PALM BEACH COUNTY
BANK (LETTER OF CREDIT NO. 2002061902) IN THE
AMOUNT OF $26,663.00; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City Commission of the City of Boynton Beach, upon
recommendation of staff, does hereby accept the above referenced Letter of Credit in the
amount of $26,663.00 as surety for the installation of water and sewer improvements for the
project known as Cypress Creek Villas.
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 hereby
approves and accepts a Letter of Credit for the project known as Cypress Creek Villas, and
issued by Palm Beach County Bank, (NO. 2002061902) in the amount of $26,663.00 as
surety for the installation of water and sewer improvements for the project known as Cypress
Creek Villas.
Section 2. That this Resolution shall become effective immediately upon passage.
PASSED AND ADOPTED this {o day of November, 2002
CITY O .~OYNT ,N A , FLORIDA
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