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R02-201RESOLUTION NO. R02- ~C~l A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING A FULL RELEASE OF THE CASH SURJ~TY IN THE AMOUNT OF $1,485.00 FOR THE PROJECT KNOWN AS SHELL GAS STATION; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Petropac Solutions, Inc. of Ft. Lauderdale provided cash surety in the amount of $1,485 to cover the cost of construction for the canopy over the gasoline dispensers until final inspections were obtained; and WHEREAS, the work has been completed and the Building Division has issued the Certificate of Occupancy. 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, upon the recommendation of staff, hereby approves the release of the cash surety in the amount of $1,485 to Petropac, Inc. of Ft. Lauderdale. Section 2. That this Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this ATTEST: day of November, 2002. CITY O~5~30/~ yN B~F_/ACH, FLORIDA City Clerk s:caLReso\Letter of Credit/Full Release of Surety Petropac, Inc.