HomeMy Public PortalAbout1990_06_27_R154L
eesourg in c-lZirginia
PRESENTED June 27, 1990
RESOLUTION NO. 90-154
ADOPTED June 27, 1990
A RESOLUTION:
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT THE BROOKMEADE CONDOM/NIUMS
WHEREAS, Lokey Construction Company, the developer of the Brookmeade Condomini,,ms has
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 irrevocable letter of credit from First American Bank in the amount of
$98,682.00 is released, and a new surety in a form approved by the town attorney for a m-intensnce
guarantee in the amount of $15,300.00 is approved, and shall be in effect for a period of one year from
this date.
SECTION II. 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.
ATTEST:
Clerk of Council
brookmea~cdo
Ro6ert E. Sevila, Mayor
Town of Leesburg