88-CCCCRESOLUTION NO. 88-~.,~.,~..,d,..,
A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA
APPROVING THE REDUCTION OF SURETY FOR
WATER AND SEWER IMPROVEMENTS
FOR RAINBOW LAKES, PLAT II
WHEREAS, construction of the aforementioned
sewer systems is predominately completed and,
WHEREAS, the water system has passed all
water and
pertinent
testing to date, been certified by the engineer of record, and
accepted for operation and maintenance, and
WHEREAS, the engineering firm of record has requested
establishment of a reduced surety bond.
NOW, THEREFORE, BE AND IT tS HEREBY RESOLVED BY THE
CITY COMMISSION OF BOYNTON BEACH, FLORIDA:
That the surety bond requirement for Rainbow Lakes,
Plat II, be reduced to a value of $103,400.75, said amount to
be furnished to the City of Boynton Beach via a new bond to
replace the existing bond.
, 1988.
ATTEST:
Ci~er}{
(Corporate Seal)
CITY OF BOYJ~TON /~EACH
By: ~a ~
Mayor~ /~ J .
Commission Member.'