HomeMy Public PortalAbout1990_10_24_R269RESOLUTION NO. 90-269
A RESOLUTION:
PRESENTED October 24, 1990
ADOPTED October 24, 1990
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT POTOMAC CROSSING SECTION ID
WHEREAS, Richmond American, the developer of Potomac Crossing Section iD, 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 corporate surety bond from Reliance Insurance Companies in the amount of
$54,055.00 is released, and a new surety in a form approved by the town attorney for a maintenance
guarantee in the amount of $9,499.00 is approved, and shall be in effect for a period of one year from
this date.
SECTION H. 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 24th day of October ., 1990.
A~'I~EST:
Clerk of Cotm~il -~
potcros, ld
Robert E. Sevila, Mayor
Town of Leesburg