R01-189RESOLUTION NO. R 01- IlB~
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
A REDUCTION IN THE SURETY FOR STERLING REAL
ESTATE, LLC, (FOR THE PROJECT KNOWN AS
STERLING RECORDS MANAGEMENT), FROM
$85,030.00 TO $4,250.00; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the developer of this parcel, previously submitted cash surety in the
of $85,030.00 to guarantee completion of water and sewer systems serving this site;
WHEREAS, a final inspection has been conducted on this project and the system
to be functioning properly without any defects;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The City Commission of the City of Boynton Beach, Florida, based
~on the recommendation of staff, hereby approves a reduction of surety fi:om $85,030.00 to
$4,250.00.
Section 2. That this Resolution shall become effective immediately upon passage.
PASSED AND ADOPTED this
day of May, 2001.
CITY. - -~~.'~f' ~'O~ B OYNT,wON B.F_~CH, yLORIDA~
Vice Mayor
Co~issioner
Co~issioner
Commissioner
Requested City Commission
Meeting Dates
[] March 20, 2001
[] April 3, 2001
[] April 17, 2001
[] May 1,2001
CITY OF BOYNTON BEA
ITEM C.5
AGENDA ITEM REQUEST I
Date Final Form Must be Turned
in to City Clerk's Office
March 7, 2001 (5:00 p.m.)
March 21, 2001 (5:00 p.m.)
April 4, 2001 (5:00 p.m.)
April 18, 2001 (5:00 p.m.)
O IAPR26 PH2:25
Requested City Commission Date Final Form Must be Turned
Meeting Dates in to Cit3 Clerk's Office
[] May 15, 2001 May 2, 2001 (5:00 p.m.)
[] June 5, 2001 May 16, 2001 (5:00 p.m.)
[] June 19, 2001 lune 6, 2001 (5:00 p.m.)
[] July 3, 2001 June20, 2001 (5:00 p.m.)
NATURE OF
AGENDA ITEM
[] Administrative [] Development Plans
[~] Consent Agenda [] New Business
[] Public Hearing [] Legal
[] Bids [] Unfmished Business
[] Announcement [] Presentation
[] City Manager's Report
RECOMMENDATION: Motion to approve a reduction in surety for the project known as Sterling Records
Management, from $85,030 down to $4,250, and return the amount of $80,780 to the project's developer.
EXPLANATION: Surety was posted to guarantee completion and acceptance of the water and sanitary sewer
systems serving this project, and allow those systems to be placed into operation prior to full completion of the
project. The systems have now been fully completed, inspected, and transferred to the City for operation and
maintenance. 5% of the original surety will continue to be held for the balance of the one-year warranty period.
PROGRAM IMPACT: None
FISCAL IMPACT: None
ALTERNATIVE_S: The City's code allows for surety reduction, and
We therefore s~this partial reduction, retenti:Tf2 during the warranty period.
Depar~ent Heafl's Signature - Cit~ Manfiger's Signature
Department Name City AttorneyT-~ance/-Human Resources
XC:
Peter Mazzella (w/attachment)
Finance Dept. "
City Attorney "
Development Dept. "
File "
S:~BULLETIN~ORMSX~AGENDA ITEM REQUEST FORM.DOC
RESOLUTION NO. R 01-
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
A REDUCTION IN THE SURI~TY FOR STERLING REAL
ESTATE, LLC, (FOR THE PROJECT KNOWN AS
STERLING RECORDS MANAGEMENT), FROM
$85,030.00 TO $4,250.00; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the developer of this parcel, previously submitted cash surety in the
amount of $85,030.00 to guarantee completion of water and sewer systems serving this site;
and
WHEREAS, a final inspection has been conducted on this project and the system
appears to be functioning properly without any defects;
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, based
upon the recommendation of staff, hereby approves a reduction of surety from $85,030.00 to
$4,250.00.
Section 2. That this Resolution shall become effective immediately upon passage.
PASSED AND ADOPTED this
day of May, 2001.
CITY OF BOYNTON BEACH, FLORIDA
Mayor
Vice Mayor
Commissioner
Commissioner
ATTEST:
City Clerk
(Corporate Seal)
S/ca\res\letters of Credi6Sterling Records Management
Commissioner
DIRECT PAYMENT REQUISITION
Please issue a check in the amount of $
80,780.00
To:
Sterling Real Estate, LLC
128 Litchfield Drive
New Milford, CT 06776
VR#
For:
Surety redUctions for Steding Records Management
Commission approved 5-1.2~'-01
Requested by
Approvals:
Dept. Head
Finance Dept.
City Manager
Pete Mazzella, Asst. to the Director
DateApri125, 2001
401 0000 220 99 00 80,780.0C
$80,780.0¢
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