HomeMy Public PortalAbout1985_11_27_R215The Town of Leesburg in Virginia
RESOLUTION NO. 85-215
PRESENTED November 27, 1985
ADOPTED November 27, 1985
A RESOLUTION: AUTHORIZING AN AGREEMENT, APPROVING A PERFORMANCE GUARANTEE FOR
INSTALLATION OF PUBLIC IMPROVEMENTS AND APPROVING WATER AND
SEWER EXTENSIONS FOR LEESBURG GATEWAY, PHASE I
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 A. C. Echols, Jr., Trustee and J. Lynn Cornwell, Trus-
tee of Leesburg for installation of public improvements shown on the plans ap-
proved by the Director of Engineering for the Leesburg Gateway, Phase I on lands
of Sycolin Partnership.
SECTION II. The extension of municipal water and sewer works for Leesburg
Gateway, Phase I is approved in accordance with Sections 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 First American Bank in the amount of $620,000 for the public
improvements, as approved by the Director of Engineering, is approved as security
to guarantee installation of the public improvements shown on plans approved by
the Director of Engineering for Leesburg Gateway, Phase I.
PASSED this 27th day of November , 1985.
Robert ~ Sev~la, Mayor
Town of Leesburg
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