HomeMy Public PortalAbout1992_07_28_R135The Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED July 28, 1992
92-135 ADOPTED July 28. 1992
MAKING A REDUCTION OF THE PERFORMANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS INSTALLED AT LEESBURG BAPTIST CHURCH
SECTION I.
reduced to $7,220.00.
SECTION II.
The Town Manager shall notify the developer that liability for the letter of
credit has been reduced as outlined in Section I of this resolution, and that this reduction does not
constitute acceptance of public improvements by the town or relieve the developer of responsibilities
outlined in the contract for public improvements for Leesburg Baptist Church Watermain Extension,
Phase I.
PASSED this 28th day of jvly , 1992.
yr~t~TEST:
Clerk of Council
r:leesburg.bap
James E. Clem, Mayor
Town of Leesburg
WHEREAS, the town's Director of Engineering and Public Works has reviewed the public
improvements installed to date for the Leesburg Baptist Church Watermain Extension, Phase I and
certified that the value of work performed exceeds $28,880.00; and
WHEREAS, a letter of credit from the Bank of Loudoun in the amount of $36,100.00 has been
provided by the developer and approved by the Council to guarantee installation of public improvements
for the Leesburg Baptist Church Watermain Extension, Phase I.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
The letter of credit from the Bank of Loudoun in the amount of $36,100.00 is