85-GRESOLUTION NO. 85~
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF BOYNTON BEACH, FLORIDA, REDUCING
THE A~OUNT OF THE PERFOP~NCE BOND FOR
PLAT II OF STONEHAVEN P.U.D. IN SECTION 30,
TOWNSHIP 45 SOUTH, RANGE 43 EAST
WHEREAS, a performance bond in the amount of $866,739
was posted for the construction of improvements including street
lights and,
WHEREAS, the value of the uncompleted work is
$533,788.50~
NOW, THEREFORE~ BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
The amount of the bond be reduced to the value of
the uncompleted work of $533,788.50.
PASSED AND ADOPTED THIS_.J~
day o~~,1985
ATTEST:
CITY OF BOYNTON BEACH, FLORIDA
Mayor
Vice ~[ayor
ou~cil Memoer
(Corp. Seal)