HomeMy Public PortalAbout1979_03_14_R036RESOLUTION NO.
A RESOLUTION:
TOWN OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
PRESENTED March 14, 1979
79-36 ADOPTED March 14, 1979
AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
BOND TO GUARANTEE INSTALLATION OF PUBLIC IMPROVEMENTS
AND APPROVING WATERAND SEWER EXTENSIONS FOR CA-
TOCTIN CIRCLE INDUSTRIAL PARK
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 (P.C. 2) for public improvements
for Catoctin Circle Industrial Park.
SECTION II. The performance bond of SRL Properties, Inc., a
Maryland corporation, with S. Ross Lipscomb as surety thereon, in
the amount of $102,546.00, to guarantee installation of public im-
provements for Catoctin Circle Industrial Park in accordance with
plans approved by the director of engineering, is approved, con-
ditioned upon recordation of a deed of trust between SRL Proper-
ties, Inc. to George M. Martin, Trustee, on Lots 1, 2 and 3,
Catoctin Circle Industrial Subdivision, which trust shall secure
the terms, conditions, covenants and payment to the Town of Lees-
burg as set forth in said performance bond.
SECTION III. The developer shall submit a title certificate
that such deed of trust is a first lien on said lots.
SECTION IV. The performance bond, the deed of trust and
title certificate shall be subject to review and approval by the
Town Attorney.
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SECTION V. Extension of municipal water and sewer works for
this subdivision is approved.
PASSED this 14th day of March , 1979.
Kenneth B. Rollins, Mayor
Town of Leesburg
ATTEST:
Clerk of Cou~ll -~