HomeMy Public PortalAbout1991_07_23_R162The Town of
Leesburg,
.rgtma
PRESENTED July 23~ 1991
RESOLUTION NO. 91-162 ADOPTED July 23, 1991
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT CARDINAL INDUSTRIAL PARK LOT 2
WHEREAS, M.G. Britt, Sr., the developer of Cardinal Industrial Park Lot 2, 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 Fidelity and Deposit Company of Maryland in
the amount of $34,500.00 is released, and a new surety in a form approved by the town attorney for
a maintenance guarantee in the amount of $1,725.00 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 23rd day of July , 1991.
ATTEST:
eardinal.2
P~bert E. Sevila, Mayor
Town of Leesburg