R94-76RESOLUTION NO. R94-~'~
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
RELEASING TWO LETTERS OF CREDIT NO. 037-
LC-373113 AND 037-LC-373114 SUBMITTED BY
MINTO BUILDERS (FLORIDA), INC., (PLATINA
LOOP ROAD AND VILLAGE I WATER AND SEWER
SYSTEM) ISSUED BY BARNETT BANE IN THE
TOTAL AMOUNT OF $50,056; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, upon recommendation of staff, the City
Commission deems it appropriate to release said Letters of
Credit submitted by Minto Builders (Florida), Inc., for the
development known as Platina Loop Road and Village I Water and
Sewer Systems;
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 releases two Letters of Credit No. 037-
LC-373113 and 037-LC-373114, submitted by Minto Builders
(Florida), Inc., issued by Barnett Bank in the total amount of
$50,056.00.
Section 2. That this Resolution shall become
effective immediately upon passage.
PASSED AND ADOPTED this ~ day of ~ 1994.
~~ORIDA
,r ~/
ATTEST:
Cit~ Clerk
(Corporate Seal
A~thsig.doc
L/Credit.Platina
4/28/94