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R02-124 RESOLUTION NO, R02- / ~ L( A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING A FULL RELEASE OF CASH BOND, IN THE AMOUNT OF $1,287.25, FOR THE PROJECT KNOWN AS GIMELSTOB OFFICE BUlLPING, AND PROVIDING FOR AN EFFECTNEDATE. WHEREAS, the developer for the project known as Gimelstob Office Building, previously posted a cash bond in the amount of $1,287.00 for the warranty surety for satisfactory performance of the water and sanitary sewer systems; and WHEREAS, the Utility Department has completed it's final inspection, and verified that all portions of the water and.sewer systems are operating satisfactorily. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OFBOYNTONBEACH, FLORIDA, THAT: Section 1. The City Commission of the City of Boynton Beach, Florida, upon the recommendation of staff, hereby approves the release of the cash bond in the amount of $1,287.25 to 3925 Corporation. Section 2. That this Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this to M..day of August, 2002. CITY yl~H"FLORIDA / Mayor ~ Ib:mmiSSioner . C:lSSi~ '- \\\\\\nmIli1f!/l/ ~\'<~o V N r 0 1'10>. ~ (IoG~GeQl"l)CO:f!!l III ~ ~ "" 00 ~Ot:i!;oo V' ~ Ci.ty Clerk _~ ~ eO . "'1~" ({\ ~ . ~ '\~ ~ 'jP -" s:ca\Reso\Letter of Cred Cash Bond - Ci/.'i ffice Bldg. a ';. (') ::: = __ e :: =0: lZ::: ~ \. ~ g?O l {g ~ l1lleei._.o ~ ~ 0.0 '!l/J1b ~ ~ O~l\'!.e~eOGofI ~ ~II/ P"l. 0 R \'0 t- \~~ II/fill HI 11\\\\\\