HomeMy Public PortalAbout1981_03_11_R033 TOWN OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
RESOLUTION NO. 81-33 PRESENTED March 11, 1981
ADOPTED March 11, 1981
A RESOLUTION: PARTIAL RELEASE OF A PERFORMANCE GUARANTEE FOR BROWN'S MEADOW
SUBDIVISION
WHEREAS, Brownell Incorporated, developers of Brown's Meadow Subdivision,
have requested partial release of the $167,960.00 performance guarantee for
public improvements for that subdivision; and.
WHEREAS, a "set aside" agreement in the amount of $167,960.00 had been
approved to guarantee the installation 6f those public improvements; and
WHEREAS, $57,239.10 worth of public improvements have been completed in
accordance with town standards; and
WHEREAS, Brownell Incorporated understands that this partial release is
not an indication that the public facilities are accepted for maintenance, and
that they are solely responsible for the condition of those improvements until
such time as they are accepted.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
The performance guarantee in the form of a "set aside" agreement in the
amount of $167,960.00 is reduced to $110,720.90.
PASSED this llth day of
Attest: ~ ./
Clerk of Cou/~il
March , 1981.
Town of Leesburg