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HomeMy Public PortalAbout1992_07_28_R138The Town of Leesburg, Virginia RESOLUTION NO. A RESOLUTION: PRESENTED July 28, 1992 92-138 ADOPTED July 28, 1992 AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR EXETER SECTION 60FFSITE IMPROVEMENTS RESOLVED by the Council of the Town of Leeshurg in Virginia as follows: SECTION I. The manager shall execute the contract for public improvements for the improvements shown on the construction drawings for Exeter Section 4 approved by the Director of Engineering and Public Works for Exeter Section 60ffsite Improvements. SECTION II. The extension of municipal water and sewer for Exeter Section 60ffsite Improvements is approved in accordance with Sections 15-9 and 19-18 of the Town Code. SECTION III. The irrevocable bank letter of credit in a form approved by the town attorney from the Nations Bank in the amount of $600,296.00 is approved as security to guarantee installation of the public improvements shown on plans approved by the Director of Engineering and Public Works for Exeter Section 60ffsite Improvements. PASSED this 28th day of Ju~y , 1992. ATTEST: Clerk of Council'-' r:exeter.off E. C em, Mayor Town of Leesburg