R01-299RESOLUTION NO. ROI- ,~ q q
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
A RELEASE OF THE GUARANTY BOND (#379234) TO
THE MELEAR PUD, BY CONTINENTAL HOMES OF
FLORIDA, INC., IN THE AMOUNT OF $15,000;
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, this guarantee bond has been held as assurance that, if required by Palm
3each County, determine that a traffic control device would be necessary at the intersection
of Congress Avenue and Sandalwood Drive, such a system would be provided; and
WltEREAS, Palm Beach County has determined that the traffic signal system is not
necessary and has no objections to the City releasing this bond;
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, upon the
recommendation of staff, hereby approves the release of the gurantee bond (#379234) in the
amount of $15,000, be released to Melear PUD, for the Continental Homes of Florida, Inc.,
project.
Section 2. That this Resolution shall become effective immediately upon passage.
PASSED AND ADOPTED this 4o day of November, 2001.
Vice Mayor
Commissionm'
Continental Homes
FLO