HomeMy Public PortalAbout1986_07_09_R149vvsb~rg in ~rirginin
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 9, 1986
86-149 ADOPTED July 9~ 1986
AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE
FOR INSTALLATION OF PUBLIC IMPROVEMENTS FOR 201JOI~ VENTURE
SUBDIVISION
201 Joint Venture Subdivision.
PASSED this 9th day of
ATTEST:
Clerk of C~cil
July , 1986.
Town of Leesburg
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 201 Joint Venture of Leesburg, Virginia,
for installation of public improvements shown on the plans approved by the
Director of Engineering for the 201 Joint Venture Subdivision.
SECTION II. An irrevocable bank letter of credit in a form approved
by the town attorney from Sovran Bank of Norfolk, Virginia in the amount of
$7,412 is approved as security to guarantee installation of the public
improvements shown on plans approved by the Director of Engineering for the