HomeMy Public PortalAbout1981_12_09_R180RESOLUTION NO.
A RESOLUTION:
TOWN OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
PRESENTED December 9, 1981
81-180 ADOPTED December 9, 1981
AUTHORIZING PARTIAL RELEASE OF A PERFORMANCE GUARANTEE FOR
INSTALLATION OF PUBLIC IMPROVEMENTS FOR CATOCTIN CIRCLE
INDUSTRIAL SUBDIVISION, SECTION I
WHEREAS, Council Resolution 80-77, adopted June 25, 1980 by Council, approved
performance bond in the form of a deed of trust from SRL Properties, Inc. to
George M. Martin, Trustee on Lots 1, 2 and 3, Section I, Catoctin Circle Industrial
Subdivision; and
WHEREAS a request has been received from SRL Properties, Inc. to release Lot 1
from the Deed of Trust; and
WHEREAS 95% of the estimated $68,924 guaranteed work has been completed.
THEREFORE RESOLVE~ by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I.
George ~rtin,
Section 1, are authorized and directed to prepare a Deed of Release for Lot 1,
Section 1, of Catoctin Circle Industrial Subdivision.
SECTION II. George Martin, Trustee, is authorized and directed to execute
the Deed of Release for Lot 1 of Section I, Catoctin Circle Industrial Subdivision.
PASSED this 9th
ATTEST:
Clerk o~Council
The Trustees for the Deed of Trust from SRL Properties, Inc. to
Trustee on Lots 1, 2 and 3, Catoctin Circle Industrial Subdivision,
day of December , 1981.
Kl~nneth B. Roll±ns, Mayor '
To~n of Leesburg