HomeMy Public PortalAbout1992_01_28_R014The Town of
Leesburg,
.rgtma
RESOLUTION NO.
92-14
PRESENTED January 28, 1992
ADOPTED January 28, 1992
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT LEESBURG GATEWAY LOT 3
WHEREAS, James C. Athey, the developer of Leesburg Gateway Lot 8, 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 Farmers and Merchants National B~nk in the
amount of $82,247.00 is released, and a new security in a fora approved by the town attorney for a
maintenance guarantee in the amount of $4,112.00 is approved, and shall be in effect for a period of
one year from this date.
SECTION Il. 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:
Rbbert E. Sevila, Mayor
Town of Leesburg
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