HomeMy Public PortalAbout1982_05_26_R066 TOWN OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
PRESENTED May .26, 1982
RESOLUTION NO. 82-66 ADOPTED May 26, 1~8~
A RESOLUTION: RELEASING PERFORMANCE BOND FOR THE CONSTRUCTION OF LEESBURG'S
CABLE TELEVISION SYSTEM
WHEREAS, Storer Cable Communications has fully complied with the construction
requirements of Section 5.1-20(b) of the Town Code; and
WHEREAS, the Leesburg Cable Television Advisory Commission has recommended
that the $100,000 performance bond in effect to guarantee construction of the
cable system be released.
THEREFORE RESOLVED by the Council of the Town of Leesburg in Virginia, as
follows:
SECTION I. The faithful performance corporate surety bond in the amount of
$100,000 is released.
SECTION II. This release shall in no way alter or affect the maintenance of
the security fund and penalty schedule contained in Sections 5.1-48 and 5.1-49
of the Town Code or restrict any other commitments made by Storer Cable Communi-
cations in its contract with the town or original proposal.
PASSED this 26th day of May ~, 1982.
T~wn ~Le'~g~' Mayor
ATTEST:
Clerk of Cou~il