88-ARESOLUTION NO. 88-~
A RESOLUTION OF THE CITY OF BOYNTON BEACH,
FLORIDA, REDUCING THE PERFORMANCE BOND FOR
LAKES OF TARA, P.U.D., PLAT NO. 2, SECTION 30,
TOWNSHIP 45 SOUTH, RANGE 43 EAST, AS RECORDED
IN PLAT BOOK 52, PAGES 84 and 85 OF THE PUBLIC
RECORDS OF PALM BEACH COUNTY
WHEREAS, a performance bond in the amount of $305,168.00
was posted to assure construction of improvements, and,
WHEREAS, all improvements have been satisfactorily
completed, except for finish grading and installation of meter
boxes at water service laterals to units under construction and
vacant lots, and,
WHEREAS, a certification letter from the Design Engineer
dated February 11, 1987 has been received.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA:
That the performance bond in the amount of $305,168.00 is
hereby reduced to the required amount of $10,000.00.
PASSED AND ADOPTED THISc~~ day of ~_F?~~
CITY OF BOYNTON BEACH, FLORIDA
,1988
Commission Member
o ss~on M~er
ATTEST~
(Corp. Seal)