HomeMy Public PortalAbout1986_05_14_R089RESOLUTION NO.
A RESOLUTION:
PRESENTED May 14, 1986
86-89 ADOPTED May 14, 1986
AUTHORIZING AN AGREEMENT, APPROVING A PERFORMANCE GUARANTEE
FOR INSTALLATION OF PUBLIC IMPROVEMENTS AND APPROVING WATER
AND SEWER 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 t'he
Director of Engineering for Tudor Knolls Apartments Phase II.
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 $340,089
is apprbved as security to guarantee installation of the public improvements
shown on plans approved by the Director of Engineering for Tudor Knolls
Phase II.
PASSED this 14th day of May , 1986.
Charles J. ~lliams, Vice-Mayor
Town of Leesburg
ATTE ST:
Clerk of~uncil '