HomeMy Public PortalAbout1988_07_26_R141RESOLUTION NO.
A RESOLUTION:
PRESENTED July 26, 1988
88-141
ADOPTED July 26, 1988
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFOR~{~NCE
BOND AND APPROVING A MAINTENANCE BOND FOR PUBLIC IMPROVE-
MENTS, OF CATOCTIN VIEW SUBDIVISION
WHEREAS, Capital Investors Management Corporation, the developer of
Catoctin View Subdivision 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 theTown of Leesburg in Virginia
as follows:
SECTION I. The cash bond in the amount of $55·818.00 is released, and
a new performance guarantee for maintenance in the amount of $13,954.00
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 property
executed instrument conveying unto the town all such improvements and
easements free of any liens or changes.
PASSED this 26th day of July
ATTEST
~~ncil
· 1988.
Robert E. Sevila, Mayor
Town of Leesburg