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R93-24RESOLUTION NO.~93-~ A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, APPROVING THE FINAL PLAT DOCUMENT OF BOYNTON LAKES PLAZA, TRACT "B" AND APPROVING AND ACCEPTING A LETTER OF CREDIT IN THE AMOUNT OF $219,698.33 FROM CREDIT SUISSE, MIAMI FOR THE PROJECT KNOWN AS BOYNTON LAKES PLAZA, TRACT "B"; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Commission of the City of Boynton Beach, ?lorida, upon recommendation of staff~ approves the Final Plat document of Boynton Lakes Plaza, Tract "B"; and subdivision; WHEREAS, upon the recommendation of staff, the City Commission of the City of Boynton Beach, Florida, hereby approves and accepts the Letter of Credit in the amount of $219,698.33. 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 approves the Fin~lat document of Boynton Lakes Plaza, Tract "B". Section 2. The City ComMission of the City of Boynton Beach, Florida hereby approves and accepts the Letter of Credit in the amount of $219,698.33 to ensure the completion of required off- site paving and drainage improvements and required on-site sewage collection and water distribution improvements. Section 3. This Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this /~ day of February, 1993. ATTEST: Ci~ Clerk CITY OF BOYNTON BEACH, FLORIDA Mayor (Corporate Seal) L/Credit. Boynton Plaza/B 2/11/93