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HomeMy Public PortalAbout1990_05_22_R001Leesl~urg in ~girginia RESOLUTION NO. A RESOLUTION: p~ May 22, 1990 90-101 ADOPTED May' 22, 1990 AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR EXETER SECTION 7 RESOLVED by the Council of the Town of Leesburg in Virginia 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 Exeter Section 7. SECTION H. The extension of municipal water and sewer for Exeter Section 7 is approved in accordance with Sections 15-9 and 19-18 of the Town Code. SECTION I~. The irrevocable bank letter of credit in a form approved by the town attorney from First American Bank in the amount of $1,373,112.00 is approved as security to guarant,~ inst~llation of the public improvements shown on plans approved by the Director of Engineering and Public Works for Exeter Section 7. PASSED this 22nd day of ATTEST: ? ,- .~.~ .. /" Clerk of Co~ May ~1990. Robert E. Sevila, Mayor Town of Leesburg