HomeMy Public PortalAbout1986_11_12_R240esb~rg in ~Zirginin
RESOLUTION NO. 86-240
PRESENTED November 12, 1986
PASSED this 12th
ATTEST:
Clerk of ~uncil
day of November , 1986.
Charles-J. WilliAms, Vice-~',layor
Town of Leesburg
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE BOND FOR THE SOUTHGATE
II DEVELOPMENT PLAN
WHEREAS, the developer of the'Southgate II Development has completed
public improvements in accordance with town standards and specifications
and these have been inspected and approved:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
SECTION I. The irrevocable letter of credit in the amount of $60,190
from Sovran Bank is reduced to $3,000. A maintenance bond to be in effect
for a period of one year from this date in the amount of $3,000 is approved.
SECTION II. This release is contingent upon delivery of as-built
drawings and a properly executed instrument conveying unto the town all such
improvements free of any liens or charges.
November 12~ 1986
ADOPTED