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HomeMy Public PortalAbout1985_08_14_R149The Town of Leesburg in Virginia RESOLUTION NO. A RESOLUTION: 85-149 PRESENTED August 14, 1985 ADOPTED August 14, 1985 AUTHORIZING ANAGB~T, APPROVING A PERFORMANCE GUARANTEE FOR INSTAllATION OF PUBLIC IMPROVEMENTS AND APPROVINGWATER AND SEWER EXTENSIONS FOR ROSESTONE COURT SUBDIVISION 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 Leesburg Builders of Leesburg, Virginia, for installation of public improvements shown on the plans approved by the Director of Engineering for the Rosestone Court Subdivision. SECTION II. The extension of municipal water and sewer works for the Rosestone Court Subdivision is approved in accordance with Sections l5-9 and 19-18 of the Town Code. SECTION III. An irrevocable bank letter of credit in a form approved by the Town Attorney from Jefferson National Bank in the amount of $85,780 is approved as security to guarantee installation of the public improvements shown on plans approved by the Director of Engineering for Rosestone Court Subdivision. PASSED this 14th day of August , 1985. Town of Leesburg ATTEST: Clerk of C~c~~~/