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LEGAL APPROVAL RESOLUTION NO. R94-/;r~ t>>~- f~~ ~Jt' A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, APPROVING A REDUCTION OF SURETY TO K. HOVNANIAN, (LAWRENC.F. (.:RnVES PLAT 2) FROM $287,617 TO $26,200; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Commission of the City of Boynton Beach : has previously accepted surety in the amount of $287,617 for required site improvements for the above referenced project; and " !i WHEREAS, staff has determined and advised that all I required site improvements have been substantially completed I' with the exception of the pavement which still requires the final lift of asphalt. I NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT: Section 1. The City Commission of the City of Boynton Beach, Florida hereby approves the reduction of surety submitted by K. Hovnanian (Lawrence Groves - Plat 2) from $287,617 to $26,000.00 to reflect substantial completion of the requied site improvements and conformance with City Code of Ordinances, as certified by Engineer of Record Rossi and I Malavasi. I I I I Section 2. That this Resolution effective immediately upon passage. shall become PASSED AND ADOPTED this /.6 day of October, 1994. CITY OF BEACH, FLORIDA ~Ma-!o~ ! ATTEST: I i~.?~W~'m. Cl y Clerk (Corporate Seal) " ,I Authsig.doc Lawrence Groves - Plat 1 Surety. ReI 9/29/94