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85-VVVRESOLUTION NO. 85-Vk/~/ A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA, RELEASING THE PERFORMANCE BOND FOR THE VELARDO PROJECT WHICH INCLUDES WATER AND SEWER LINES'AND ROADWAY IMPROVEMENTS ON S.W. 4TH AVENUE IN LAKE BOYNTON ESTATES WHEREAS, a request has been received to release the cash performance bond for utilities and roadway construction, and WHEREAS, a completion certificate and a one-year guarantee against defective materials and workmanship has been received. NOW, therefore, be it resolved by the City Council of the City of Boynton Beach, Florida, that, The performance bond in the amount of $19,680 less $529 for the cost of a streetlight for a balance of $19,151 be returned to the developer. CITY OF BOYNTON BEACH, FLORIDA Council M~ ~:~in d'i 1 Member ATTEST: (COrPorate Seal)