HomeMy Public PortalAbout1989_01_24_R020LccsBurg in aV~'rginia
RESOLUTION NO. 89-20
A RESOLUTION:
PRESENTED January 24,
ADOPTED January 24,
ACCEPTING PUBLICIMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS IN THE POPEYES DEVELOPMENT
WHEREAS, Siv~-m Enterprises, Inc., the developer of Popeyes has completed the 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 Virgirga as follows:
SECTION I. The irrevocable letter of credit from Vista Federal Savings Bank of Reston,
Virginia in the amount of $40,000.00 is released, and a new surety in a form approved by a town
attorney for a m-lrttenance guarantee in the amount of $2,000.00 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 24th day of January , 1989.
ATTEST:
Clerk of C~(m~
Robert E. Sevils, Mayor
Town of Leesburg
1989
1989