HomeMy Public PortalAbout1991_07_09_R154The Town of
Leesburg,
Virginia
PRESENTED July 9~ 1991
RESOLUTION NO. 91-154 ADOPTED July 9, 1991
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUAI{ANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT WAVERLY PARK PHASES I, II AND HI
WHEREAS, the developer of Waverly Park Phases I, II and III 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 bonds from Fidelity and Deposit Company of Maryland in
the total amount of $81,000.00 are released, and a new surety in a form approved by the town
attorney for a maintenance guarantee in the amount of $4,050.00 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 9ch day of July , 1991.
ATTEST:
Clerk of Council
waverly
Robert E. Sevila, Mayor
Town of Leesburg