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R96-046RESOLUTION NO. R96-~ A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING THE REDUCTION OF SURETY TO $57,807.40 FOR THE JONATH/~ GROVE PUD TO M/I SCHOTTENSTEIN HOMES, IN~. AND PROVIDING AN EFFECTIVE DATE. I 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 $57,807.40 to M/I Schottenstein Homes, 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, hereby authorizes reduction of surety to the amount of $57,807.40 to M/I Schottenstein Homes, Inc. Section 2. That this Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this ~ day of /~/~ , 1996. CITY OF BOYNTON BEACH, FLORIDA C~mmi s s i oner ATTEST: Commissioner Co, is sioner / Ci~ Clerk