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R02-084RESOLUTION NO. R02- ~7~{ A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING A FULL RELEASE OF CASH SURETY IN THE AMOUNT oF $9,348 FOR THE PROJECT KNOWN AS MANATEE BAY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, ORRC Encumbrance Corporation d/b/a Manatee Bay Apartments cash surety in the amount of $9,348 as surety for the water and sanitary sewer in the project known as Manatee Bay; and WHEREAS, the Utility Department has completed final inspection and verified'that )ortions of the water and sewer systems are operating satisfactorily. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF CITY OF BOYNTON BEACH, FLORIDA, THAT: Section 1. The City Commission of the City of Boynton Beach, Florida, upon the of staff, hereby approves the release of the cash surety in the amount of ~9,348 to ORRC Encumbrance Corporation. Section 2. That this Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this ~/~ay of May, 2002. CITY O~BOYN~O/fiN B~CH, FLORIDA Vice Mayor Co~issioner : esome~er of Cre~ff Cash Suree Rel~7 ~~Q~ ~umbr~ce Coa