HomeMy Public PortalAbout1991_01_08_R008 ~f
Leest~urg in cVirginia
PRESENTED January 8, 1991
RESOLUTION NO. 91- 8
ADOPTED January 8, 1991
A RESOLUTION:
ACCEPTING PUBLIC IMPROVEMENTS, RET.EASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
SYCOLIN ROAD FRONTAGE IMPROVEMENTS AT THE WARD COMPONENTS
PLANT SITE
WHEREAS, the Ward Corporation, the developer of the Ward Components Plant Site has
completed the frontage improvements along Sycolin Road 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 the Washington Bank in the amount of
$34,802.00 is released, and a new surety in a form approved by the town attorney for a maintenance
guarantee in the amount of $1,740,10 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 8th day of January , 1991.
ATTEST:
Clerk of Co)~cil
sycolin.rd
Robert E. Se'vil~'Mayor
Town of Leesburg