HomeMy Public PortalAbout1990_06_27_R150Leesb~rg in CVirginia
PRESENTED June 27, 1990
RESOLUTION NO. 90-150 ADOPTED June 27, 1990
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS AND A CASH PAYMENT IN LIEU
OF SIDEWALK CONSTRUCTION, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT COUNTRY CLUB APARTMENTS II
WHEREAS, John C. Wright & Son, the developer of Country Club Apartments II has completed
the public improvements except for 1,150 linear feet of sidewalk in accordance with approved plans
and town standards, and these have been inspected and approved;
WHEREAS, the developer has offered a cash payment to the town in the amount of $10,350.00
in lieu of construction of 1,150 linear feet of sidewalk along the north side of Clubhouse Drive;
WHEREAS, the Department of Engineering and Public Works has approved the $10,350.00
payment as the construction cost of the sidewalk.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The irrevocable letter of credit from First American Bank in the amount of
$235,803.00 is released, and a new surety in a form approved by the town attorney for a maintenance
guarantee in the amount of $11,790.00 is approved, and shall be in effect for a period of one year from
this date.
SECTION Il. A cash payment of $10,350.00 is hereby accepted in lieu of construction of 1,150
linear feet of sidewalk.
SECTION III. 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 27th day of June ,1990.
Town of Leesburg
ATTEST:
k of Council' -"' · (~7