R02-106
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RESOLUTION NO. R02- 10,,"
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA.,
AUTHORIZING A REDUCTION IN THE LETTER OF
CREDIT ISSUED BY FLEET NATIONAL BANK (No.
151261785) FOR THE PROJECT KNOWN AS BJ's
WHOLESALE CLUB $250,000 TO $25,000; AND
BROVIDING AN EFFECTIVE DATE.
WHE~AS;the developer of this parcel, previously submitted It Letter of Credit
in the amount .~f $250,000 as sUrety for the excavating and filling wo$. for the project
known as BJ'sWbo1esale Club; and
WHE~AS,the Public Works and Development Departrnent~ of the City of
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Boynton Beachl are satisfied with the work on the portion of the projecf associated with
:
this Letter of C~edit,
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NOW, 1fHEREFORE, BE IT RESOLVED BY THE CITY ICOMMISSION
OF THE CITt OF BOYNTON BEACH, FLORIDA, THAT:
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Section 11.
The City Commission of the City of Boynton Bea~h, Florida, based
upon the reco1rnendation of staff, hereby approves a reduction of a Letter of Credit (No,
,
151261785) fhjm $250,000 to $25,000,
Sectioni2.
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That this Resolution shall become effective innnediately upon
passage,
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:
PASSED AND ADOPTED this ~ day of July, 2002.
CH, FLORIDA
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Coniniis~o~er ! ~
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Conrmiss{o~er !
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ATTEST:
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City: lerk
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