HomeMy Public PortalAbout1992_01_28_R013 The Town of
Leesburg,
/irginia
PRESENTED January 28, 1992
RESOLUTION NO. 92-13 ADOPTED January 28, 1992
A RESOLUTION: ACCEPTING PUBLIC nVIPROVEMENTS, RET,EASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUAILANTEE FOR
PUBLIC IMPROVEMENTS AT THE FAIRWAY MANOR SUBDMSION
WHEREAS, SAD Realty, Inc., the developer of Fairway Manor, 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 Homestead Insurance Company in the amount
of $77,200.00 is released, and a new security in a fora approved by the town attorney for a
maintenance guarantee in the amount of $19,300.00 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 28th day of January , 1992.
ATTEST:
r:fairway, sub
Rbbert E. Sevila, Mayor
Town of Leesburg