HomeMy Public PortalAbout1989_11_14_R232in ~rirgini~
PRESENTED
November 14, 1939
RESOLUTION NO. 89-232
ADOPTED November 14, 1989
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RE!,P, ASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS IN THE SOUTH HAVEN SUBDMSION
WHEREAS, Tedence, Inc., the developer of South Haven Subdivision 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 $68,758.00 is released, and a new surety in a form approved by the town attorney for a
maintenance guarantee in the amount of $17,189.00 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 as built drawings and a properly
executed instrument conveying unto the town all such improvements and easements free of any liens
or charges.
PASSED this 14th day of November ,1989
ATTEST:
Clerk of C~neil
Robert E. Sevila~ Mayor
Town of Leesburg