81-YYY RESOLUTION NO. 81-~ ~
A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA,
REDUCING PERFOR~ANCE BOND FOR LAWSON INDUSTRIAL
~ARK, PLAT NO. 1
WHEREAS, a request has been received including a
breakdown of bonded items and reflecting the percentage of
work completed~ and
WHEREAS, the City Engineer and Director of Utilities
concurred with these amounts and have made thezr recom-
mentations to reduce the bond accordingly.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF BOYNTON BEACH, FLORIDA:
Section 1. The surety bond in the amount of $184,880
previously posted with the City in conjunction with Lawson
Industrial Park, Plat No. 1, is hereby released in lieu of
a new Performance Bond being furnished the City of Boynton
Beach in the total amount of $112,383.
Section 11. This resolution supercedes Resolutuion 81-ZZ
whiCh, approved a reduction from the original amount of $224~370
to $184,880.
PASSED AND ADOPTED THIS .~0 day of ~ ,198!
ATTEST:
CITY OF BOYNTO,~ BEACH, FLORIDA
..
Mayor
City Clerk
(Corp. Seal)