R03-118
II
RESOLUTION NO. R03- , I B
A RESOLUTION OF THE CITY OF BOYNTON BEACH,
FLORIDA, ACCEPTING A LETTER OF CREDIT
SUBMITTED FOR THE PROJECT KNOWN AS
SURVNORS CHARTER SCHOOL AND ISSUED BY
FIDELITY FEDERAL BANK & TRUST (LETTER OF
CREDIT NO. 28686/100) IN THE AMOUNT OF $75,431.00;
AND PROVIDING AN EFFECTNE DATE.
WHEREAS, the City Commission of the City of Boynton Beach, upon
recommendation of staff, does hereby accept the above referenced Letter of Credit in the
amount of $75,431.00 as surety for the satisfactory performance of the water and sewer
improvements for the project known as Survivors Charter School.
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 hereby
approves and accepts a Letter of Credit in the amount of $75,431.00 as surety for the
satisfactory performance of the water and sewer improvements for the project known as
Survivors Charter School.
Section 2.
That this Resolution shall become effective immediately upon passage.
PASSED AND ADOPTED this ~ day of July, 2003.
ACH, FLORIDA
c.,______
/..c:.. .
Commissioner
:\CA\RESO\Letters of Credit\Accepting Letter of Credit - Survivors Charter School.doc