87-AAARESOLUTION NO. 87-~
A RESOLUTION OF THE CITY OF BOYNTON BEACH,
FLORIDA, REDUCING THE PERFORMANCE BOND FOR
CLUB MEADOWS, PHASE III, A REPLAT OF TRACT G,
MEADOWS 300 AS RECORDED IN BOOK 48, PAGES 196
thru 200, IN SECTION 7, TOWNSHIP 45 SOUTH,
RANGE 43 EAST
WHEREAS, a performance bond in the amount of $371,348.00
is being held to insure that subdivision improvements are
installed, completed and paid for in accordance with applicable
requirements, and,
WHEREAS, improvements have been made, and,
WHEREAS, the value of the uncompleted work is $200,163.00
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 $200,163.00.
PASSED AND ADOPTED THiS~/~day of~ ,1987
CITY OF BOYNTON BEACH, FLORIDA
ATTEST:
('Corp~ Seat)
By:
Mayor
Commi~on Member