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87-HHRESOLUTION NO. 87- A RESOLUTION OF THE CITY COMMISSION OF THE CiTY OF BOYNTON BEACH, FLORIDA, REDUCING THE PERFOP/~ANCE BOND FOR CHALET IV, PLAT NO. 3 IN SECTION 18, TOWNSHIP 45 SOUTH, RANGE 43 EAST AS RECORDED IN PLAT BOOK 53, PAGES 176 thru 179 OF PALM BEACH COUNTY RECORDS WHEREAS, earthwork, paving and drainage, water distri- 0ution system and sewage collection system improvements have been made, and, WHEREAS, the Design Engineer has certified that the value of uncompleted improvements is equal to $16,800.00. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT: The performance bond, previously reduced to $72,000.00 from $341,000.00 by Resolution No. 86-PPPP, may be reduced to $16,800.00. PASSED AND ADOPTED THI~)~day of ~~_~ ,1987 CITY OF BOYNTON BEACH, FLORIDA By: Mayor Comm~ s s ion ATTE ST: (Corp. Seal)