HomeMy Public PortalAbout1989_11_28_R244L
ccsourg in cVirginia
PRESENTED
ADOPTED
November 28, 19~9
RESOLUTION NO. 89-244 November 28, 19~9
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS IN POTOMAC CROSSING SECTION lB1
WHEREAS, Globe USA, Inc., the developer of Potomac Crossing Section lB1 has completed the
public improvements in accordance with approved plans and town standards, and these have been
inspected and approvecL
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The irrevocable letter of credit from The Riggs National Bank in the amount of
$57,600.00 is released, and a new surety in a form approved by the town attorney for a mslntenance
guarantee in the amount of $14,000.00 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 this 28th Novemger
day of ., 1989.
Aq~I~EST:
Clerk of C,~ncil
Robert E. Sevila, Mayor
Town of Leesburg