R00-056 RESOLUTION NO. R00-~'~/
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
A REDUCTION OF CASH SURETY TO MAGNA OIL, IN
THE AMOUNT OF $26,180.00 FOR THE WATER
IMPROVEMENTS AT THE HESS STATION LOCATED
AT HIGHRIDGE ROAD AND HYPOLUXO ROAD; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the developer of this parcel, previously posted cash surety in
the amount of $27,555.00 for the project known as Hess Station improvement
located at Highridge Road and Hypoluxo Road; and
WHEREAS, the water system serving this project has been completed
and accepted for operation and maintenance by the Utility Department;
WHEREAS, the Utility Department has recommended that the cash
surety posted by Magna Oil to be reduced by 95 percent.
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,
based upon the recommendation of staff, hereby approves the reduction of the
cash surety in the amount of $26,180.00 to Magna Oil, for the project known as
Hess Station improvements at Highridge Road and Hypoluxo Road.
Section 2. That this Resolution shall become effective immediately
upon passage.
PASSED AND ADOPTED this ,~ day of May, 2000.
ATTEST:
CiTY OE~/~OYNTON J3EA'~H, FLOI~.DA
ayo ,
Vice Mayor
Mayor Pro Tern
(cI
',~L" \Credit - HeL Sta~n-Hagna Oil- Cash Surety Release 050200 - W/Sewer
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