R93-63RESOLUTION NO. R93-~
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
APPROVING THE REDUCTION OF SURETY IN THE
AMOUNT OF $55,364.53 TO K. HOVNANIAN,
DEVELOPER OF LAWRENCE GROVES, P.U.D.; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Commission of the City of Boynton Beach,
Florida, upon recommendation of staff, hereby authorizes reduction
of surety in :the amount of $55,364.53 and the sum of $38,315.00 to
be retained by the City of Boynton Beach for on-site paving and
drainage and utilities.
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 in the amount
of $55,364.53 to K. Hovnanian, Developer of Lawrence Groves, P.U.D.
and the sum of $38,315.00 to be retained by the City of Boynton
Beach for on-site paving and drainage and utilities.
Section 2. This Resolution
immediately upon passage.
shall become effective
PASSED AND ADOPTED this ~ day of April, 1993.
CITY OF BOYNTON BEACH, FLORIDA
Mayo~
Co~missi( r
ATTEST:
C/~(y Clerk
Con~issioner
(Corporate Seal)
Surety. Rel
Lawrence.PUD.
4/2/93