HomeMy Public PortalAbout1981_01_28_R015 TOWN OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
PRESENTED January 28, 1981
RESOLUTION NO. 81-15 ADOPTED January 28, 1981
A RESOLUTION: AUTHORIZING SUBSTITUTION OF A PERFORMANCE BOND FOR A
CASH BOND FOR PUBLIC IMPROVEMENTS FOR LOWE'S OF
LEESBURG
WHEREAS, Lowe's Companies, Inc., developers of Lowe's of
Leesburg, Lot 8, Cardinal Industrial Park, have requested that a
performance bond in the amount of $12,230 be substituted for the
cash bcnd in that same amount now on deposit with the town to
guarantee installation of public improvements at Lowe's of Leesburg;
and
WHEREAS, this performance bond has been reviewed and approved
by the Town Attorney, therefore;
RESOLVED by the Council of the Town of Leesburg, Virginia, as
follows:
SECTION I. Performance Bond No. 4144191 of the Safeco Insurance
Company of America in the amount of $12,230 to guarantee installation
of public improvements at Lowe's of Leesburg is approved.
SECTION II. The manager is authorized and directed to release
the cash performance bond in the amount of $12,230 which was approved
by Council on November 12, 1980, plus interest earned, for the
guarantee of installation of public improvements for Lowe's of
Leesburg.
PASSED this
28th
ATTEST:
Clerk of C~cil
day of January , 1981.
llins, Mayor
Town of Leesburg