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HomeMy Public PortalAbout1985_08_14_R140The Town of Leesburg in Virginia RESOLUTION NO. 85-140 PRESENTED August 14, 1985 ADOPTED August 14, 1985 A RESOLUTION: AUTHORIZING AN AGRRE. MENT, APPROVING A PERFORMANCE GUARANTEE FOR INSTAT.TATION OF PUBLIC IMPROVEMENTS AND RECREATIONAL IMPROVEMENTS AND APPROVING WATER AND S5~ER EXTENSIONS FOR T & K ASSOCIATES 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) with T & K Associates of Catlett, Virginia for installation of public improvements shown on the plans approved by the Director of Engineering for Tudor Knolls Apartments Phase I. SECTION II. The extension of municipal water and sewer works for the T & K Associates 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 Fairfax Savings Bank in the amount of $478,902 is approved as security to guarantee installation of the public improvements and the construction of a swimming pool and tennis courts shown on plans approved by the Director of Engineering for Tudor Knolls Phase I. PASSED this 14th day of August , 1985. Town of Leesburg ATTEST: Clerk of Co,~il