HomeMy Public PortalAbout1978_03_08_R042RESOLUTION NO.
A RESOLUTION:
TOWN OF LEESBURG
IN
LOUDOUN COUNTY~ VIRGINIA
PRESENTED March 8~ 1978
78-42
ADOPTED March 8t 1978
AUTHORIZING AN AGREEMENT AND APPROVING A CASH
PERFORMANCE BOND TO GUARANTEE INSTALLATION OF
PUBLIC IMPROVEMENTS AT 15 EAST FIRST STREET
RESOLVED by the Council of the Town of Leesburg, Virginia,
as follows:
SECTION I. The Town Manager is authorized and directed to
execute the Standard Agreement. The cash performance bond in
the amount of $2,662.00 is approved with the understanding that,
at the request of the town, the developer will not install the
facilities but will release the cash bond to the town to be used
exclusively for improvements to East First Street. Both the
bond and the agreement are for installation of public improve-
ments for 15 East First Street, property of C. Herbert Pearson.
Construction plans are to be approved by the Director of Engineer-
ing.
SECTION II. The Director of Engineering shall determine
if installation of public facilities on East First Street is
appropriate at the time the developer is ready to commence
construction. If not, the Director of Engineering shall request
the developer not proceed with the required installation. The
Director of Finance shall thereupon transfer the cash performance
bond to a trust account established exclusively for improvements
-2-
to East First Street.
PASSED this 8th
day of March ..., 1978.
ATTEST:
Mary Ar~ne Newman, Mayor
Town of Leesburg
Cler o~ C~cil