R97-163RESOLUTION NO. R97-/~-~
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
ACCEPTANCE OF THE APPROVED IRREVOCABLE LETTER
OF CREDIT SB-1330 IN THE AMOUNT OF $22,500.00
ISSUED BY SOUTH TRUST BANK IN REGARD TO
RECLAMATION WORK THAT MAY BE REQUIRED WITHIN
THE CITY RIGHT OF WAY KNOWN AS WINCHESTER PARK
ROAD; AND PROVIDING AN EFFECTIVE DATE.
Wq{EREAS, a Letter of Credit No. SB-1330 in the amount of
$22,500.00 has been issued by South Trust Bank as surety for the
reclamation work that may be necessary associated with the
completion of construction of two deceleration lanes and entrances
within the City right-of-way known as Winchester Park Road.
WHEREAS, the City Commission of the City of Boynton Beach,
Florida, upon recommendation of staff, hereby authorizes the
acceptance of the approved Letter of Credit No. SB-1330.
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 authorizes acceptance of the approved Letter of
Credit No. SB-1330 in the amount of $22,500.00 issued by South
Trust Bank as surety for the reclamation work that may be necessary
associated with the completion of construction of two deceleration
lanes and entrances within the City right-of-way known as
Winchester Park Road.
Section 2. That this Resolution shall become effective
immediately upon passage.
PASSED AND ADOPTED this /6 day of ~/~ , 1997.
ATTE ST:
¥i¢y Clerk
(COrporate Seal)
Acceptance of Surety
BOYNTON COI~MONS RECLAMATION LOC
BEACH, FLORIDA