R01-327 RESOLUTION NO. R01
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, APPROVING
AND ACCEPTING A LETTER OF CREDIT SUBMITTED
FOR THE PROJECT KNOWN AS JONATHAN'S CREEK,
AND ISSUED BY OHIO SAVINGS BANK (LETTER OF
CREDIT NO. 2001-041A) IN THE AMOUNT OF
$363,836.00; AND PROVIDING AN EFFECTIVE DATE.
WItEREAS, the City Commission of the City of Boynton Beach, upon
recommendation of staff, does hereby accept the above referenced Letter of Credit in the
mount of $363,836.00 as surety for water and sewer systems to serve project known as
unathan's Creek.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
FLORIDA, TltAT:
Section 1. The City Commission of the City of Boynton Beach, Florida hereby
approves and accepts a Letter of Credit for the project known as Jonathan's Creek, and
Ohio Savings Bank, (NO. 2001-041A) in the mount of $363,836.00 as surety for
ystems to serve the above project.
Section 2. That this Resolution shall become effective immediately upon passage.
PASSED AND ADOPTED this
a,.TTEST:
~i.~ Clerk
I~ dayofDecember, 2001
CITY OFtB OYNTO.N B~EACH, FLORIDA
Vice Mayor