HomeMy Public PortalAbout1989_06_13_R122Leesb~ufrg in cVirginia
RESOLUTION NO. 89-122
A RESOLUTION:
PRESENTED June 13, 1989
ADOPTED June 13, 1989
ACCEPTING PUBLIC IMPROVEMENTS, RET,EASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS IN ROXBORO SUBDIVISION SECTIONS 2 AND 3
V~rIE~, TrAmmell Crow Company, the developer of Roxboro Sections 2 and 3 has completed
the public improvements in accordsnce with approved plans and town standards, and these have been
inspected and approved.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Vir~nia as follows:
SECTION I. The irrevocable letter of credit from United Savings Bank in the ~mount of
$402,000.00 is released, and a new surety in a form approved by the town attorney for a maintenance
guarantee in the amount of $20,100.00 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 charges.
PASSED this 13th day of June .,1989
ATTEST:
~lerk ~f ~C~nc~
Town of Leesburg