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R96-187RESOLUTION NO. R96-/~ A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING THE REDUCTION OF SURETY TO $101,618.00 FOR THE NAUTICA SOUND PUD PLAT ONE TO G.L. HOMES OF BOYNTON BEACH II CORPORATION AND PROVIDING AN EFFECTIVE DATE. WHEREAS, staff has verified the status of completion of the required site improvements on the above property; and WHEREAS, the City Commission of the City of Boynton Beach, Florida, upon recommendation of staff, hereby authorizes reduction of surety to $101,618.00 to G.L. Homes of Boynton Beach II Corporation. 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 authorizes reduction of surety to the amount of $101,618.00 to G.L. Homes of Boynton Beach II Corporation. Section 2. That this Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this /~ day of ~~ , 1996. CITY OF BOYNTON BEACH, FLORIDA Commissioner Commissioner ~jsioner !