R01-208RESOLUTION NO. ROi-
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, APPROVING
AND ACCEPTING A LETTER OF CREDIT SUBMITTED
FOR THE PROJECT KNOWN AS LESTER PUD ~LAT 6
(A/K/A A PORTION OF CASCADE LAKES), AND
ISSUED BY BANF~TLAi~TIC, (NO. BA 455) IN
THE AMOUNT OF S76,900; AAID PROVIDING AN
EFFECTIVE DATE.
W~EREAS, the City Commission of the CiEy of BoynEon
upon recommendation of staff, does hereby accepn the
~bove referenced Letter of Credit in the amount of $76,900 as
~ureEy for waner and sewer systems no serve project known as
PUD Plan 6 (a/k/a a pornlon of Cascade L~kes).
NOW, THEREFORE, BE IT RESOLVED BY THE CIT~!cO~I~ISSION
CiTY OF BOYNTON BEACH, FLORIDA. THAT:
Section 1.
Florida
for the projecu
Tascade Lakes),
OF
The City Commission of the City of BoynEon
hereby approves and accepus a Len5er of Credit
known as Lester PUD Pl~E 6 (a/k~'a a portion of
and mssued by BankAtlantic, (NO. BA 455) in
the amounE of $76,900 as sureny for water and
~erve the above projecn.
Section 2. Than this Resolution
effective immedlaEely upon passage.
sewer SysEems to
shall become
PASSED AND ADOPTED
Clerk
this [~ day of June, 2001
CITY OF BOYNT ~A , FLOI~IDA
Commissioner
Commissioner