HomeMy Public PortalAbout1989_09_12_R183Leesb'~rg in ~Zirginia
PRESENTED September 12~ 1989
RESOLUTION NO. 89-183
ADOPTED September 12~ 1989
A RESOLUTION:
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS IN THE KRB WAREHOUSES
VfI-IEREAS, KRB l,imited Partnership, the developer of KRB Warehouses 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 Virginia as follows:
SECTION I. The irrevocable letter of credit from Farmers and Merchants National Bank in the
amount of $77,974.00 is released, and a new surety in a form approved by the town attorney for a
msiutenance guarantee in the amount of $3,899.00 is approved, and shall be in effect for a period of
one year from this date.
SECTION H. 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 12th day of September .~989
ATTEST:
Clerk of Coun~
Town of Leesburg