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R96-161RESOLUTION NO. R96-/~/ A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, APPROVING A FULL RELEASE OF A LETTER OF CREDIT SUBMITTED BY MIRABALES TILE, INC., AND ISSUED BY PRIME BANK, (NO. LW 6596-1); AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Commission of the City of Boynton Beach has previously accepted surety in the amount of $17,655 as surety for the installation of water and sewer lines within the Public right-of-way and utilities easements for the above referenced project; and WHEREAS, staff has determined and advised that all work has been satisfactorily completed; 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 the full release of surety submitted by Mirabales Tile, Inc., in the amount of $17,655. Section 2, That this Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this ~ day of November, 1996. ATTEST: CITY OF BOYNTON BEACH, FLORIDA Mayor Commi s s i oner ommi s s ioner Clerk (Corporate Seal)