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R02-082RESOLUTION NO. R 02- ~) ~,- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING A FULL RELEASE OF THE SURETY (LETTER OF CREDIT (S163244) FOR THE WATER AND SANITARY SEWER SYSTEMS SERVING THE PROJECT KNOWN AS AMERICAN RETIREMENT CORPORATION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the project is complete and the City has completed its final inspections, and verified that all portions of the water and sanitary sewer systems are operating satisfactorily; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF FI-IE CITY OF BOYNTON BEACH, FLORIDA, THAT: Section 1. The City Commission of the City of Boynton Beach, Florida, based ~pon the recommendation of staff, hereby approves a full release of the surety for the water and sanitary sewer systems serving the project known as American Retirement Corporation. Section 2. That this Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this ~[ ~:day of May, 2002. ATTEST: City Clerk.-i>~ ~t~ CITY OF 13OYN~ON BEACH, FLORIDA ._. Vice Mayor Co~ission~r ~