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HomeMy Public PortalAbout1985_06_26_R106The Town q Leesbu~ in Vi~in~ RESOLUTION NO. A RESOLUTION: PRESENTED June 26, 1985 85-106 ADOPTED June 26, 1985 AUTHORIZING AN AGREEMENT, APPROVING A PERFORMANCE GUARANTEE FOR INSTALLATION OF PUBLIC IMPROVEMENTS AND APPROVING WATER AND SEWER EXTENSIONS FOR EXETER HILLS SUBDIVISION, SEC. 4. RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The manager is authorized to execute on behalf of the town an agreement (Form PC-2) -for installation of public improvements shown on the plans approved by the Director of Engineering for the Exeter Hills Sub- division, Section 4. SECTION II. The extension of municipal water and sewer works for the Exeter Hills Subdivision, Sec. 4 is approved in accordance with Section 15-9 and 19-18 of the Town Code. SECTION III. An irrevocable bank letter of credit in a form approved by the Town Attorney from Providence Savings and Loan Association in the amount of $193,256 is approved as security to guarantee installation of the public improvements shown on plans approved by the Director of Engineering for this subdivision. PASSED this 26th day of ATTEST Clerk of Council June , 1985. Robert E. Sevila, Mayor Town of Leesburg