HomeMy Public PortalAbout1989_07_25_R148Leesb~drg in ~rirginia
PRESENTED July 25, 1989
ADOPTED July 25, 1989
PASSED this 25th day of July
A~rEST
Clerk of Co~
~1989.
Robert E. Sevila, Mayor
Town of Leesburg
RESOLUTION NO. 89-148
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IlViPROVEMENTS IN LEESBURG AIRPARK BUUJr)ING G AND
MU.I.~R DRIVE.
WHEREAS, Ward Corporation, the developer of Leesburg Airpark Building G and Miller Drive
has completed the public improvements in accordance with approved plans and town standards, and
these have been inspected and approved, except for the final paving of the Miller Drive cul-de-sac.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The irrevocable letter of credit from The Washington Bank in the amount of
$232,068.00 is released, and a new surety in a form approved by the town attorney for a ms~ntenance
gtmrantee in the amount of $50,000.00 is approved, and shall be in effect for a period of one year from
this date.
SECTION H. A performsuce guarantee in the amount of $3,000.00 in a form approved by the
town attorney is approved to guarantee the final paving of the Miller Drive cul-de-sac, and shall be
in effect for a period of one year.
SECTION III. This release is contingent upon delivery of a property executed instrument
conveying unto the town all such improvements and essements free of any liens or charges.