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RESOLUTION NO. 86-155
A RESOLUTION:
PRESENTED July 23, 1986
ADOPTED July 23,
AUTHORIZING AN AGREEMENT, APPROVING A PERFORMANCE GUAi{ANTEE
FOR INSTALLATION OF PUBLIC IMPROVEMENTS AND APPROVING WATER
AND SEWER EXTENSIONS FOR THE WARD COMPONENT PLANT DEVF. LOPMENT
PLAN
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 Richard E. Ward of Rockville, Maryland,
for installation of public improvements shown on the plans approved by the
Director of Engineering for the Ward Component Plant Development Plan.
SECTION II. The extension of municipal water and sewer works for the
Ward Component Plant Development Plan 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 the Enterprise Bank of Falls Church, Virginia, in
the amount of $254,000 is approved as security to guarantee installation of the
public improvements shown on plans approved by the Director of Engineering for
the Ward Component Plant Development Plan.
PASSED this 23rd day of July
ATTEST:
, 1986.
Robert E. Sevila, Mayor
Town of Leesburg
Clerk of ~uncil