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87-HHHRESOLUTION NO. 87~ A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA, REDUCING THE PERFORMANCE BOND FOR LAKESHORE AT THE MEADOWS, A REPLAT OF TRACT "K" OF PLAT NO. 3~ MEADOWS 300 AS RECORDED IN BOOK 48, PAGES 196 thru 200, IN SECTION 7, TOWNSHIP 45 SOUTH, P~NGE 43 EAST WHEREAS, a performance bond in the amount of $310,318.26 is being held t©~ insure that subdivision improvements are installed, completed and paid for in accordance with applicable requirements, ann, WHEREAS, improvements have been made, and, WHEREAS, the value of the uncompleted work is $43,330.50. NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA: That the performance bond may be reduced to the value of the uncompleted improvements in the amount of $43,330.50. PASSED AND ADOPTED THIS ~/ day of _~~ ,1987 CITY OF BOYNTON BEACH, FLORIDA Vice M~or ~om~s ion M~mber ~ ~ Commission bi. or Commission Member ATTEST: City C~k (Corp. Seal)