HomeMy WebLinkAbout1983-050S,.
RESOLUTION NO. 83- 50
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY, FLORIDA, ACCEPTING CASH
BOND IN LIEU OF FLORIDA STATUTES 5255.05 PUBLIC
WORKS PERFORMANCE AND PAYMENT BOND.
WHFRFnC_ }hA r --+-.%y is presently lett-ing a contract for
the Division I work on the Tracking Station Park Recreational
Improvements, which contract documents require the posting of a
performance and payment bond in accordance with Florida Statutes
§255.05; and
WHEREAS, the cited statute permits the County Commission
to exempt a contractor from the statutory bond requirement for any
job which has a contract price not exceeding ONE HUNDRED THOUSAND
DOLLARS ($100,000.00); and
WHEREAS, J. B. Walker Construction, Inc. is the only
bidder on the Division I work, has placed a bid for less than ONE
HUNDRED THOUSAND DOLLARS ($100,000.00), and has requested
permission to provide a cash bond to the County in lieu of the
statutory surety bond; and
WHEREAS, the Board finds that the cash bond agreement as
attached hereto is an acceptable security form under the
circumstances of this particular job.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that the
aforementioned contractor is hereby exempted from the statutory
performance and payment bond requirements of §255.05, Florida
Statutes, and that the County approves in lieu thereof the
attached cash bond arrangement.
The foregoing resolution was offered by Commissioner
Scurlock who moved its adoption. The motion was seconded
by Commissioner Lyons and, upon being put to a vote, the
vote was as follows:
Chairman Richard N. Bird Aye
Vice -Chairman Don C. Scurlock, Jr. Aye
Commissioner Margaret C. Bowman Aye
Commissioner Patrick B. Lyons Aye
Commissioner William C. Wodtke, Jr. Aye
The Chairman thereupon declared the resolution duly
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passed and adopted this 6th day of July , 1983
BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA
RICHARD N. BIRD
Chairman
Attest:
�REOX, QTRIGHT, Ch rk
APPROVE ATO FORM
AND L UFF IENC
By
CHRIS WWOR-.-PAULL/
AssistAnt County Attorney
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