HomeMy Public PortalAbout1984_02_22_R029The Town of Leesburg in Virginia
PRESENTED February 22, 1984
RESOLUTION NO. 84-29 ADOPTED February 22, 1984
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE BOND TO
GUARANTEE INSTALLATION OF PUBLIC IMPROVEMENTS FOR SECTION 1,
RAYMOND R. RODRICK SUBDIVISION
RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The manager shall execute the contract for public improvements
for Section 1, Raymond R. Rodrick Subdivision.
SECTION II. The performance bond of Raymond R. Rodrick in the amount of
$2,946.20 to guarantee installation of public improvements for Section 1, Ray-
mond R. Rodrick Subdivision, in accordance with plans approved by the director
of engineering, is approved on the condition that a deed of trust from Raymond
R. Rodrick to George M. Martin, Trustee, on Lots 1 and 2, Section 1, Raymond R.
Rodrick Subdivision shall be recorded, which trust shall secure the terms, con-
ditions, covenants and payment to the Town of Leesburg as set forth in said per-
formance bond.
SECTION III. The developer shall submit a title certificate that such deed
of trust is a first lien on said land.
SECTION IV. The performance bond, the deed of trust and title certificate
shall be subject to review and approval by the town attorney. The developer
shall further submit an appraisal to the town attorney for approval, and the
said appraisal shall show the value of the lots exceed the amount
of the performance bond that is required above.
PASSED this 22nd day of February ~,
ATTEST:
C~erk of Cofcil
Robert E. Sevila,ZMayor
Town of Leesburg