HomeMy Public PortalAbout1988_08_09_R158PRESENTED August 9, 1988
~DOPTED August 9, 1988
PASSED this 9th day of
ATTEST:
Clerk of ~unci]
August , 1988.
Rcberr E.-Sevi~, May~or
Town of Leesburg
RESOLUTION NO. 88-158
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
BEAUREGARD ESTATES, PHASE I
RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The manager shall execute the contract for public
improvements for the improvements shown on the plans approved by the
Director of Engineering and Public Works for Beauregard Estates Phase I.
SECTION II~ The extension of municipal water and sewer works for
Beauregard Estates Phase I is approved in accordance with Sections 15-9 and
19-18 of the Town Code.
SECTION III. An ~rrevocable bank letter of credit in a form approved by
the town attorney from American Home Funding, Incorporated of Annandale,
Virginia, a subsidiary of Citizens Savings Bank, FSD of New York in the
an~unt of $1,034,959.20 is approved as security to guarantee installation
of the public improvements shown on plans approved by the Director of
Engineering and Public Works for Beauregard Estates Phase I.