HomeMy Public PortalAbout1988_02_10_R029 PRESENTED _~gJlrAU~0, 1988
RESOLUTION NO. 88-29 ADOPTED Vmhr~mry ]0, 1988
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE BOND
AND APPROVING A MAINTENANCE BOND FOR PUBLIC IMPROVEMENTS,
COLONIAL SELF STORAGE
WHEREAS, the developer of Colonial Self Storage has completed public
improvements in accordance with approved plans and town standards, 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 #1485 from First American
Bank of Virginia in the amount of $20,590.00 is released, and a new letter
of credit for a maintenance guarantee in the amount of $1,030.00 from First
American Bank of Virginia in a form approved by the town attorney is
approved, and shall be in effect for a period of one year from this date.
SECTION II. This release is contingent upon delivery of a properly
executed instrument conveying unto the town all such improvements and
easements free of any liens or changes.
PASSED this 10th day of February , 1988.
ATTEST:
Clerk of ~ncil
Robert E. Sevila, Mayor
Town of Leesburg