HomeMy Public PortalAbout1988_07_12_R132Lgcs~rg in ~Firgini~
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 12~ 1988
88-132 ADOPTED July 12, 1988
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE BOND
AND APPROVING A MAINTENANCE BOND FOR PUBLIC IMPROVEMENTS FOR
CARDINAL INDUSTRIAL PARK LOT 1
WHEREAS, the Leesburg Professional Center Partnership, the developer of
Cardinal Industrial Park Lot 1 has completed the public improvements in
accordance with approved plans and town standards, and these have been
inspected and approved and the as-built drawings have been submitted and
approved:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
SECTION I. The irrevocable bank letter of credit from Riggs National
Bank in the amount of $50~600.00 is released, and a bond for maintenance
purposes in a form approved by the town attorney in the amount of $2,530.00
is approved and shall be in effect for a period of one year from this date.
SECYION 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 charges.
PASSED this 12th day of
ATTEST:
Clerk o~ouncil
July , 1988.
~ohn W. Tolb~'rt~V£ce-May~r'
Town of Leesburg