R03-037 RESOLUTION NO. R03- 05"/
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA,
AUTHORIZING A RELEASE OF A CASH BOND TO
VDS ASSOCIATES, LTD., FOR THE PROJECT
KNOWN AS CLUBHOUSE AT VILLA DEL SOL, IN
THE AMOUNT OF $23,000; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, on August 30, 2002, the Building Division accepted cash bond in
the amount of $23,000 from VDS Associates, Ltd., to guarantee completion of all
~ermitted work at the Villa Del Sol Clubhouse (2925 South Federal Hwy.); and
WHEREAS, a final inspection has been conducted on this project, the work has
)een completed, and a Certificate of Occupancy has been issued.
NOW, THEREFORE, BE IT RESOLVED BY TI-IE CITY COMMISSION
OF TI-IE 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 the release of a cash bond in the
amount of $23,000 to VDS Associates, Ltd.,. for the project known as the Clubhouse at
Villa Del Sol, located at 2925 South Federal Hwy.
Section 2. That this Resolution shall become effective immediately upon
g:\CA~RESO\Letters of CredithRelease of Cash Bonds - Clubhouse at Villa Del Sol.doc
PASSED AND ADOPTED this lB day of March, 2003.
~TTEST:
Ci.~ Clerk
;:\CALRESO\Letters of CreditLRelease of Cash Bonds - Clubhouse at Villa Del Sol.doc