R01-275RESOLUTION NO. R01-
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, APPROVING
AND ACCEPTING A LETTER OF CREDIT DATED
AUGUST 23, 2001 AND AMENDMENT T~HERETO DATED
SEPTEMBER 12, 2001, SUBMITTED FOR THE PROJECT
KNOWN AS ALTA CHASE BY FIRST UNION BANK (LOC
NO. SM417953C) IN THE AMOUNT OF $166,881; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Commission of the City of Boyaton Beach, upon
recommendation of staff, does hereby accept the above referenced Letter of Credit in the
amount of $166,881 as surety for water and sewer systems to serve project known as Alta
Chase.
NOW, THIr, REFORE, 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
approves and accepts a Letter of Credit for the project known as Alta Chase, and issued by,
(Letter of Credit No. SM417953C ) in the amount of $166.881 as surety for water and sewer
systems m serve the above project.
.Section 2. That this Resolution shall become effective immediately upon passage.
PASSED AND ADOPTED this. I¢ day of October, 2001
Commissioner
Commissioner
ATTEST:
~Clerk