HomeMy Public PortalAbout1984_11_28_R227The Town of Leesburg in Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED November 28, 1984
84-22? ADOPTED November 28, 1984
ACCEPTING A SUBSTITUTE LETTER OF CREDIT FOR FOXRIDGE SUBDIVISION
WHEREAS, the Town Council approved an irrevocable letter of credit bond in
the amount of $189,785 from the Bank of Alexandria for the Foxridge Subdivision
on June 27, 1984; and'
WHEREAS, the developer has now offered an irrevocable letter of credit in
the amount of $189,785 from the Capitol Bank, N.A. of Washington, D.C.:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
A substitute letter of credit from the Capitol Bank in the amount of
$189,785 is accepted conditional upon the Town Attorney's review and approval.
PASSED this 28th day of November , 1984.
Robert E. Sevila, Mayor
Town of Leesburg
ATTEST:
Clerk of C~cil