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R02-196RESOLUTION NO. R 02- I q ~ A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING A FULL RELEASE OF THE SURETY (LETTER OF CREDIT (BA404) IN THE AMOUNT OF $142,000 FOR THE WATER AND SANITARY SEWER SYSTEMS SERVING THE PROJECT KNOWN AS HUNTERS COURT; 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 THE CITY OF BOYNTON BEACH, FLORIDA, THAT: Section 1. The City Commission of the City of Boynton Beach, Florida, based upon the recommendation of staff, hereby approves a full release of the surety for the water and sanitary sewer systems serving the project known as Hunters Court. Section 2. That this Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this I q day of November, 2002. CITY Ot~'BOYNTON BEACH, FLOR[DA " Mayor ' V' ATTEST: ~o~~...'~,,~