HomeMy Public PortalAbout1990_11_14_R288Lecsl~urg
in ~Zirgini~
PRESENTED November 14, 1990
RESOLUTION NO. 90-288
ADOPTED November 14, 1990
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, REt,EASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT CARDINAL INDUSTRIAL PARK LOT 13
WHEREAS, Herson-Cohn Enterprises, the developer of Cardinal Industrial Park Lot 13, 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 ~rmginia as follows:
SECTION I. The irrevocable letter of credit from First American Bank in the amount of
$68,706.00 is released, and a new surety in a form approved by the town attorney for a maintenance
guarantee in the amount of $3,435.00 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 14th day of November ~ 1990.
ATTEST:
'C~er~ of- Co~
Robert E. Sevila, Mayor
Town of Leesburg