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87-JJRESOLUTION NO. 87-~g A RESOLUTION OF THE CITY COMJ4ISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, REDUCING THE PERFORMANCE BOND FOR CHALET IV, PLAT NO. 4, IN SECTION 18, TOWNSHIP 45 SOUTH, RANGE 43 EAST AS RECORDED IN PLAT BOOK 53, PAGES 180 thru 182 OF PALM BEACH COUNTY RECORDS WHEREAS, earthwork, paving and drainage, water distri- bution system and sewage collection system improvements have been made, and, WHEREAS, the City Engineer has determined that the value of uncompleted improvements is $20,000.00 or less. NO%~, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT: The performance bond, previously reduced from $61,800.00 to $30~000.00 by Resolution No. 86-QQQQ, may be reduced to $20,000.00. PASSED AND ADOPTED THI'Sc~day of ~(~~ ,1987. CITY OF BOYNTON BEACH, FLORIDA By: Mayor ~ Commzssion Member Commission Me~r ATTEST: I (Corp. Seal)