R01-247RESOLUTION NO. R01- o~4 '/
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
A RELEASE OF THE SURETY (Letter of Credit No.
J508805) TO THE UNIVERSITY OF FI ORIDA
FOUNDATION, INC., IN ~ AMOUNT OF TtCENTY
THOUSAND DOLLARS; PROVIDING FO~ AN
EFFECTIVE DATE.
WHEREAS, The University of Florida, Foundation, Inc. pre'
in the mount of Twenty Thousand Dollars ($20,000.00) for the pro~
Beach Boulevard PCD; and
WHEREAS, the project known as Boynton Beach Boul
completed and the City of Boynton Beach's Department of Engineen
completion of the work; and
WHEREAS, the Utilities Department of the City of Boynton
the completion of the work.
NOW, THEREFORE, BE IT RESOLVED BY TIlE CIT'
Tttlg CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The City Commission of the City of Boynton B
recommendation of staff, hereby approves the release of the sm
$20,000.00 to University of Florida Foundation, Inc.
Section 2. That this Resolution shall become effective inu
PASSED AND ADOPTED this q day of September, 200
iously posted a surety
ect known as Boynton
:vard PCD has been
ag is satisfied with the
Beach is satisfied with
COMMIS~ON OF
sach, Florida. upon the
sty in the amount of
Lediately upon passage.
Clerk
CITY/~,~CT~, B~O C, B ACH~ FLORIDA
~Co ~mrr~,sC°mmissi°ner
ioner~~