HomeMy Public PortalAbout1991_07_23_R164The Town of
Leesburg,
rg nta
PRESENTED July 23, 1991
RESOLUTION NO. 91-164 ADOPTED July 23. 1991
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT THE WOODI.EA MANOR RECREATION
CENTER
WHEREAS, Elm Street Development~ Inc., the developer of the Woodlea Manor Recreation Center,
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 irrevocable letter of credit from HomeFed Bank, Federal Savings Bank, in the
amount of $60,939.00 is released, and a new surety in a form approved by the town attorney for a
maintenance guarantee in the amount of $3,047.00 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.
Robert E. Sevila, Mayor
Town of Leesburg
ATTEST:
Clerk of Council' ' '
woodlea, mrc