HomeMy Public PortalAbout1989_06_27_R129Leesl~urg in ~rirginia
PRESENTED June 27, 1989
ADOPTED June 27, 1989
RESOLUTION NO. 89-129
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
PAXTON SUBDIVISION SECTIONS 2, 3 AND 4
RESOLVED by the Council of the Town of Leesburg in V~mginia 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
Paxton Subdivision, Sections 2, 3 and 4.
SECTION II. The extension of municipal water and sewer for Paxton Subdivision, Section 2, 3
and 4 is approved in accordance with Sections 15-9 and 19-18 of the Town Code.
SECTION Ill. The irrevocable bank letter of credit in a form approved by the Town Attorney
from a £mancial institution approved by the Town Attorney in the amount of $730,200.00 is approved
as security to guarantee installation of the public improvements shown on plans approved by the
Director of Engineering and Public Works for Paxton Subdivision, Sections 2, 3 and 4.
PASSED this 27th day of June ,1989
A~I'EST
Robert E. Sevila, Mayor
Town of Leesburg