HomeMy Public PortalAbout1986_02_26_R036 The Town ofLeesburgin Virginia
PRESENTED February 26~ 1986
RESOLUTION NO. 86-36 ADOPTED February 26. 1986
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE BOND FOR BROWN'S MEADOW
SUBDIVISION
WHEREAS, the developer of Brown's Meadow Subdivision has completed
public improvements in accordance with town standards and specifications
and these have been inspected and approved by the Director of Engineering and
the as-built drawings have been submitted and approved:
THF~REFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
SECTION I. The irrevocable letter of credit in the amount of $167,960
from Equitable Federal Savings and Loan Association of Maryland is reduced to
$8,398 as maintenance bond to be in effect for a period of one year from
this date.
SECTION II. This release is contingent upon delivery of a ]properly
executed instrument conveying unto the town all such improvements free of
any liens or charges.
PASSED this 26th day of
ATTEST:
Clerk of C~n ' -
February , 1986.
Town of Leesburg