R03-087 RESOLUTION NO. R03- (.',) ,q)7 7
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA,
AUTHORIZING A FULL RELEASE OF CASH SURETY
IN THE AMOUNT OF $10,169.50 TO PETRA
BUILDERS, INC.; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, on March 28, 2003, the developer of this parcel posted cash surety
in the amount of $10,269.50 for the project known as Boynton Outpatient Center, located
at 2401 S. Seacrest Boulevard; and
WHEREAS, the required improvements for this project have been completed and
a Certificate of Occupancy has been issued; and
WHEREAS, the City Commission, upon recommendation of staff, deems it
appropriate to authorize a full release of cash surety in the amount of $10,169.500 to
Petra Builders, Inc.
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, does
hereby approve the full release of the cash surety in the amount of $10,169.50 to Petra
Builders, Inc., for the project known as Boynton Outpatient Center.
Section 2. That this Resolution shall become effective immediately upon
~assage.
;:\CA\RESO\Letters of Credit~Petra Builders - cash surety release.doc
PASSED AND ADOPTED this ~ ~') day of May, 2003.
Commissioner
ATTEST:
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S:\CA~RESO\Letters of Credit~Petxa Builders - cash surety release.doc