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86-SSRESOLUTION NO. 86- S5 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BOYNTON BEACH, FLORIDA, REDUCING THE PERFORMANCE BOND FOR BOYNTON LAKES, PLAT NO. 3, IN SECTION 8, TOWNSHIP 45 SOUTH, RANGE 43 EAST AS RECORDED IN PLAT BOOK 50, PAGES 121 and 122 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 value of the uncompleted work is $30,898.13, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT: The performance bond may be reduced from $227,460.00 to $30,898.13. PASSED AND ADOPTED THI~O~day of ~ ,1986. CITY OF BOYNTON BEACH, FLORIDA BY: M~O~ Vice May~ Co uno'fi Me,be'r/ . ~o~il Me~er // ATTEST: (Corp, Seal)