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R99-009 RESOLUTION NO. R99-~ A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING A REDUCTION IN THE CASH SURETY FOR THE HARRISON IMPORT/EXPORT PROJECT, FROM $10,539.00 TO $600.00; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the developer of this parcel, previously submitted a cash surety in the amount of $10,539.00, as surety to guarantee completion of the potable water system improvements serving this site; and WHEREAS, the water system is now completed and all necessary legal documents have been presented to the City and developer has requested that the surety requirement be reduced to $600.00; and W~EREAS, a final inspection has been conducted on this project and the system appears to be functioning properly without any defects; 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, based upon the recommendation of staff, hereby approves a reduction of a cas surety from $10,539.00 to $600.00. Section 2. That this Resolution shall become effective immediately upon passage. II PASSED AND ADOPTED this ~. day of February, 1999. CITY OF BOYNTON BEACH, FLORIDA ATTEST: Clerk v: Mayor_Pro Tem /~ mm±ssioner Commissioner