HomeMy Public PortalAbout1991_06_25_R142The Town of
Leesburg,
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PRESENTED June 25~ 1991
RESOLUTION NO. 91-142
ADOPTED .l,,n~ ~. 1991
A RESOLUTION:
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT POTOMAC CROSSING SECTION lB2
WHEREAS, Richmond American, the developer of Potomac Crossing Section lB2, 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 Company in the amount of
$79,000.00 is released, and a new surety in a form approved by the town attorney for a maintenance
guarantee in the amount of $19,750.00 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 25th day of June , 1991.
ATTEST:
potomac, lb2
Robert E. Sevila, Mayor
Town of Leesburg