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88-MRESOLUTION NO. 88-~ A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA, REDUCING THE PERFORMANCE BOND FOR WELLESLEY AT BOYNTON BEACH, A REPLAT OF TRACT "N" OF THE MEADOWS 300 IN SECTION 7, TOWNSHIP 45 SOUTH, RANGE 43 EAST AND RECORDED IN PLAT BOOK 56, PAGES 99 thru 104 OF THECOUNTY RECORDS WHEREAS~ a request has been received to reduce the $209,992.50 Performance bond for Drainage for Wellesley at Boynton Beach~ and, WHEREAS, the value of the uncompleted drainage work has been de~er-mined to be' $74~210.~0. NOW¥ THEREFORE~ BE IT RESOLVED BY THE CITY COMMISSION OF THE C~TY OF BOYNTON BEACH, FLORIDA: The perfor~mance bond for Drainage in the amount of $2Q9~992~50 is hereby reduced to $74,210.00. PASSED AND ADOPTED THIS~day of ~~ ,1988 CITY OF BOYNTON BEACH, FLORIDA C~i~Qn Member comm~.ss i6n~er ATTEST: ([Co~p. Seal)