HomeMy Public PortalAbout1980_06_25_R077 TOWN OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
RESOLUTION NO.
A RESOLUTION:
80-77
PRESENTED June 25, 1980
APPROVEUJune 25, 1980
AUTHORIZING AN AGREEMENT AND APPROVING A PERFORM-
ANCE BOND TO GUARANTEE INSTALLATION OF PUBLIC IM-
PROVEMENTS AND APPROVING WATER AND SEWER EXTENSIONS
FOR CATOCTIN CIRCLE INDUSTRIAL PARK.
WHEREAS, previous approvals by this Council and the Planning
Commission of the plans and bonding method for Catoctin Circle
Industrial Park lapsed; and
WHEREAS, the Planning Commission has approved the plans and
the Director of Engineering has approved the construction drawings
and cost estimates for public improvements in Catoctin Circle
Industrial Park as resubmitted:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in
Virginia as follows:
SECTION I. The Town Manager is authorized and directed to
execute the resubmitted standard agreement (P.C. 2) for public im-
provements for Catoctin Circle Industrial Park.
SECTION II. The performance bond of SRL Properties, Inc., a
Maryland corporation, with So 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, condi-
tioned upon recordation of a deed of trust between SRL Properties,
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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 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 lots.
SECTION IV. The performance bond, the deed of trust and
title certificate shall be subject to review and approval by the
Town Attorney.
SECTION V. Extension of municipal water and sewer works for
this subdivision is approved.
PASSED this 25th day of June , 1980.
ATTEST:
Clerk of ~uncil
Kenf~eth B. Rollins, Mayor
Town of Leesburg