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R03-113 II RESOLUTION NO. R03- 113 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING A FULL RELEASE OF CASH SURETY IN THE AMOUNT OF $1,340.00 TO VENTURE REALTY, INe., FOR THE PROJECT KNOWN AS EAST COAST FURNITURE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on February 7, 2003, the Building Division forwarded to Finance Department a cash bond of $1,340.00 for the completion of the permitted work at East Coast Furniture located at 3635 S. Federal Highway; and WHEREAS, The work has been completed and the 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 $1,340.00 for the completion of the permitted work at East Coast Furniture located at 3635 S. Federal Highway. 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 the full release of the cash surety in the amount of $1,340.00 for the completion of the permitted work at East Coast Furniture located at 3635 S. Federal Highway. Section 2. That this Resolution shall become effective immediately upon passage. S:\CA \RESO\Letters of Credit\ Venture Realty- cash surety release.doc II PASSED AND ADOPTED this ~ day of July, 2003. /~-::/. ~. ../:.j/ c:::-" Commissioner ATTEST: m.~ S:\CA\RESO\Letters of Credit\Venture Realty- cash surety release.doc