HomeMy Public PortalAbout1979_06_27_R095 TO~N OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
PRESENTED June 27~ 1979
AMENDED June 27~ 1979
RESOLUTION NO. 79-95 ADOPTED June 27~ 1979
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PEP, FORMANCE BOND TO
GUARANTEE INSTALLATION OF PUBLIC IMPROVEMENTS AND APPROVING
WATER AND SEWER EXTENSIONS FOR PART OF PARCEL "M", SECTION I,
VIRGINIA VILLAGE.
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 part of Parcel "M",
Section I, Virginia Village.
SECTION II. The performance bond of Virginia Village Associates, a
partnership with Victor G. Trapasso as surety thereon, in the amount of
$127,072.00, to guarantee installation of public improvements for part of
Parcel "M", Section I, Virginia ~illage, in accordance with plans approved
by the director of engineering, is approved, conditioned upon recordation of
a deed of trust from Virginia Village Associates to George M. Martin, Trustee,
on part of Parcel "M", Section I, Virginia Village, which trust shall secure
the terms, conditions, covenants and payment to the Town of Leesburg 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 land.
SECTION IV. The performance bond, the deed of trust and title certifi-
cate shall be subject to review and approval by the Town Attorney. The de-
veloper shall further submit a certified appraisal to the Town Attorney for
approval, and the said appraisal shall exceed or be equal to the amount of
the performance bond that is required heretofore.
SECTION V. Extension of municipal water and sewer works for part of
Parcel "M", Section I, Virginia Village, is approved.
PASSED this 27th day of June , 1979.
Town of Leesburg
ATTEST:
Clerk of ~cil