R01-172RESOLUTION NO. R01-
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
A REDUCTION IN THE IN THE CASH SURETY FOR THE
PROJECT KNOWN AS HAMPTON INN (ADDITION),
FROM $35,750 to $1,800; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the developer of this parcel previously submitted cash surety to
uarantee that the potable water and sanitary sewer systems serving the project would be
satisfactorily completed; and
WHEREAS, the water system is now completed and all necessary legal documents
have been presented to the City and developer has requested that the surety requirement be
reduced to $1,800.00; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
FHE 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 $37,500.00 to
$1,800.00.
Section 2. That this Resolution shall become effective immediately upon passage·
PASSED AND ADOPTED this I"l day of April, 2001.
~ Vme Mayor
k, ommlssloner
'~-----.Commissioner