HomeMy Public PortalAbout1989_07_11_R137RESOLUTION NO.
A RESOLUTION:
89-137
p~ July 11, 1989
ADOPTED July 11, 1989
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS FOR FIELDSTONE APARTMENTS OFFSITE
UTILITIES
WHEREAS, Richmond American, the developer of Fieldstone Apartments Offsite Utilities has
completed the public improvements in accordance with approved plans and town standards, and
these have been inspected and approvech
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from American Motorists Insurance Company in the
amount of $81,749.00 is released, and a new surety in a form approved by the town attorney
for a maintenance guarantee in the -mount of $20,437.00 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 th~ llth day of July , h989.
Town of Leesburg
ATTEST:
Clerk of Counf~