HomeMy Public PortalAbout1990_05_22_R101Lees~urg in ~rirginia
P~SOLUTION NO.
A RESOLUTION:
90-101
PRESENTED May 22, 1990
ADOPTED May 22, 1990
AUTHOB.17,1NG 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 III. 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 guarantee ins*~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
May ~1990.
Robert E. Sevila, Mayor
Town of Leesburg