89-LRESOLUTION NO. 89-~_
A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA,
REDUCING THE PERFOP~NCE BOND FOR LAWRENCE GROVE,
PLAT NO. 1, A P.U.D. IN SECTION 7, TOWNSHIP 45,
RANGE 43 EAST
WHEREAS, a performance bond in the amount of $1,284,228.00 is
being held to insure that subdivision improvements are installed, completed
and paid for in accordance with applicable requirements, and,
-WHEREAS, 90~ of the work has be~n ~completed.
NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED BY THE CITY COMMISSION
OF THE CITY OF BOYNTON BEACH, FLORIDA:
That the value of the bond may be
PASSED A~ND ADOPTED THIS ~day of
'educed to $328,750.00.
, 1989.
CITY OF FLORIDA
Vice Mayo
~¢omm~io
Commissio
r
Member~- - ~
a ~emb ~r
ATTEST:
(Corp. Seal)