R02-042DUE TO A SCRI'VENER'S ERROR,
PROPOSED RESOLUTZON NO. R02-022 - RE: APPROVZNG FULL
RELEASE OF SURETY FOR WATER TMPROVEMENTS FOR THE PRO3ECT
KNOWN AS ,BOYNTON COMMERCE CENTER ZT, AND RETURNI'NG THE LE'DI'ER
OF CRED:[T FROM MELLON UN]:TED NATZONAL BANK ZN THE AMOUNT OF
$33,550 TO THE DEVELOPER
AS ZT APPEARED ON THE CTTY COMMZSSTON AGENDA FOR
03/05/02
HAS BEEN CHANGED TO NUMBER R02-042
RESOLUTION NO. R02- Oq O~
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
THE FULL RELEASE OF A LETTER OF CREDIT (NO.
MUNB-5627) ISSUED BY MELLON UNITED NATIONAL
BANK FOR THE PROJECT KNOWN AS BOYNTON
COMMERCE CENTER 11, IN THE AMOUNT OF $33,550;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the water system serving this project (Boynton Commerce Center ID
passed all inspections and ha operated satisfactorily during the one-year warranty period;
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
staff, hereby approves the release of the Letter of Credit (No. MUNB-
issued by Mellon United National Bank surety in the amount of $33,550, for the
ect known as Boynton Commerce Center II.
Section 2. That this Resolution shall become effective immediately upon passage.
PASSED AND ADOPTED this
~" day of March, 2002.
Co~issioner
Commissioner
~O
Center II