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RESOLUTION NO.
A RESOLUTION:
PRESENTED February 13, 1990
qO-2& ADOPTED February 13, 1990
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS IN BELLEWOOD COMMONS
WHEREAS, Turner-Harwood Ventures, the developer of the Bellewood Commons ~ 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 corporate surety bond from Federal Insurance Company in the amount of
$500,000.00 is released, and a new surety in a form approved by the town attorney for a m-iutenance
guarantee in the amount of $25,000.00 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 13th day of February ., 1990.
ATTEST:
Clerk of Council'
Robert E. Sevila, Mayor
Town of Leesburg