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Home My Public Portal About1988_01_05_R001PRESENTED January 5, 1988 ADOPTED January 5~ 1988 PASSED this 5th day of ATTEST .- Clerk of/~ouncil January , 1988. 7~ohn W. Tolbert, Jr , Acting Mayor ' Town of Leesburg RESOLUTION NO. 88-1 A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR TAVISTOCK FARMS PLANNED RESIDENTIAL NEIGHBORHOOD, SECTIONS 1 AND 7 RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The manager shall execute the contract for public improve- ments (PC-2) with Tavistock Farms General Partnership as shown on the plans approved by the Director of Engineering and Public Works for the Tavistock Farms Planned Residential Neighborhood, Sections 1 and 7. SECTION II. The extension of municipal water and sewer works for the Tavistock Farms Planned Residential Neighborhood, Sections 1 and 7, are ap- proved in accordance with Sections 15-9 and 19-18 of the Town Code. SECTION III. Irrevocable letters of credit in a form approved by the town attorney from Perpetual Savings Bank FSB of McLean, VA. in the amount of $900,000 for Section 1 and $2,000,000 for Section 7 are approved as se- curity to guarantee installation of the public improvements shown on plans approved by the Director of Engineering and Public Works for Tavistock Farms Planned Residential Neighborhood, Sections 1 and 7.