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HomeMy Public PortalAbout1984_09_26_R175The Town of Leesburg in Virginia RESOLUTION NO. A RESOLUTION: PRESENTED September 26, 1984 84-175 ADOPTED September 26, 1984 RELEASING DEED OF TRUST FOR CATOCTIN CIRCLE INDUSTRIAL PARK WHEREAS, SRL Properties, Inc. has requested release of the deed of trust recorded in Deed Book 763, Page 157 wherein five (5) lots in Catoctin Circle Industrial Park, Leesburg, Loudoun County, Virginia were conveyed to George M. Martin, Trustee to secure the bond executed by SRL Properties, Inc. as guarantee to insure the installation of a storm sewer facility; and WHEREAS, the Department of Engineering has advised the Council that the required physical improvements were installed and approved over two years ago and that a maintenance bond is not required: THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. George M. Martin, Trustee, is authorized to execute an appro- priate deed of release of said deed of trust and the mayor is hereby authorized to execute the deed of release on behalf of the Town of Leesburg. The requirement for a maintenance bond is waived. 26th day of September SECTION II. PASSED this , 1984. Robert E. Se~ila, Mayor Town of Leesburg ATTE ST .- Clerk of C~ncil