R96-111RESOLUTION NO. R96-///
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
THE SUBSTITUTION OF SURETY FOR THE PROJECT
KNOWN AS LAWRENCE LAKES ESTATES IN THE
AMOUNT OF $21,625.00; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City currently holds a surety in the amount
of $20,833.41 from Sonja Martin, who has since sold the
development to GRB Development and ConstruCtion; and
WHEREAS, GRB Development and Construction has requested
substitution of their certified check in the amount of $21,625
for the previous surety of $20,833.41 posted by Sonja Martin;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF BOYl~TON BEACH, FLORIDA, THAT:
Section 1. The City Commission of the 'City of Boynton
Beach, Florida, based upon the recommendation of staff that
the substitution of surety will not adversely affect the City
or the public, hereby authorizes the release of surety to
Sonja Martin in the amount of $20,833.41, and substitutes the
certified check in the amount of $21,625.00, issued by GRB
Development and Construction for the previous surety.
Section 2. That this Resolution
effective immediately upon passage.
shall become
PASSED AND ADOPTED this ~ day of August, 1996.
ATTEST'
Cit~ Clerk
i ~ayor A~
/tbmmi s~s ioner
/
(Corporate Seal)
Lawrence Lakes
Subs/surety-Ma~n
8/1/96