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HomeMy Public PortalAbout1990_03_27_R060ccsourg in ~Vz'rginia RESOLUTION NO. 90-60 A RESOLUTION: AUTHORIZING AN AGREEMENT GUARANTEE AND WATER AND CARDINAL INDUSTRIAL PARK LOTS 5 AND 6 PRESENTED March 27, 1990 ADOPTED March 27, 1990 AND APPROVING A PERFORMANCE SEWER EXTENSION PERM1TS FOR RESOLVED by the Council of the Town of Leesburg in V'n~a as follows: SECTION I. The manager shall execute the contract for public improvements for the improvements shown on the plans approved by the Director of Engineering and Public Works for Cardinal Industrial Park Lots 5 and 6. SECTION H. The extension of municipal water and sewer for Cardinal Industrial Park Lots 5 and 6 is approved in accordance with Sections 15-9 and 19-18 of the Town Code. SECTION Ill. The irrevocable bank letter of credit in a form approved by the town attorney from Maryland National Bank, Vierma, Virginia office in the amount of $245,000.00 is approved as security to guarantee instal]ation of the public improvements shown on plans approved by the Director of Engineering and Public Works for Cardirud Industrial Park Lots 5 and 6. PASSED this 27th day of March ., 1990. ATTEST: Clerk of Coun~ cardinaL56 Robert E. Sevila, Mayor Town of Leesburg