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HomeMy Public PortalAbout1990_09_12_R236Lgcs~urg in ~rirginia RESOLUTION NO. 90-236 A RESOLUTION: PRESENTED September 12~ 1990 ADOPTED September 12, 1990 ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT THE CATTAIL BRANCH PUMPING STATION HOLDING POND WHEREAS, Richmond American, the developer of improvements to the Cattail Branch Pumping Station Holding Pond, 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 $22,633.00 is released, and a new surety in a form approved by the town attorney for a m~intenance guarantee in the amount of $1,132.00 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 12th day of September ., 1990. ATTEST: Clerk of Colcil cattail.bm Robert E. Serifa, Mayor Town of Leesburg