88-VVVRESOLOTZON NO. 88-~M~f~
A RESOLUTION OF THE CITY OF BOYNTON BEACH,
FLORIDA, REDUCING THEPERFOP~CANCE BOND FOR
MEADOWS PARK, A REPLAT OF TRACT "E", PLAT
NO. 3 IN SECTION 7, TOWNSHIP 45 SOUTH,
RANGE 43 EAST
WHEREAS, the performance bond by Fidelity and Deposit
Company of Maryland in the amount of $344,260.00 for Site Improve-
ments is being held to insure that required improvements are in-
stalled, completed and paid for in accordance with applicable
requirements, and,
WHEREAS, improvements have been made and the value of
the uncompleted improvements plus 10% is $55,436.00.
NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED BY THE CITY
COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA:
That the performance bond for site improvements may be
reduced to the value of $55,436.00.
PASSED AND ADOPTED THIS/~day of ~O~7~Md~!J,' , 1988.
CITY OF BOYNTON BEACH, FLORIDA
Co.±ss±on Hember
Co~iss±on ~ember ~
Co~±ssion ~ember
ATTEST:
City ~kv
(Corp. Seal)