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90-CRESOLUTION NO. 90-~ A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA APPROVING THE REDUCTION OF SURETY FOR WATER AND SEWER IMPROVEMENTS FOR SUNNY SOUTH ESTATES, PHASE II. WHEREAS, construction of the aforementioned water and sewer systems are completed; and WHEREAS, the water and sewer systems have passed all pertinent testing to date; and WHEREAS, the developer has requested establishment of a reduced surety bond. NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED BY THE CITY COMMISSION OF BOYNTON BEACH, FLORIDA: Section 1. That the surety bond requirement for Sunny South Estates, Phase II be reduced to $4,655.43, said amount to be furnished via a substitute performance bond to be held by the City until all on-site improvements are completed. Commissioner ~issioner Commoner ATT EST: !~ (~orporate Seal