HomeMy Public PortalAbout1992_11_24_R235The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED November 24,
92-235 ADOPTED November 24,
ACCEPTING PUBLIC IMPROVEMENTS, REI,F, ASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS TO EDWARDS FERRY ROAD AND ROUTE 15
BYPASS
WHEREAS, Fort Evans-Beverly Road Associates, the developer of the Improvements to Edwards
Ferry Road and Route 15 Bypass, has completed the public improvements in accordance with approved
plans and town standards, and these have been inspected and approved; and
WHEREAS, the developer of Battlefield Shopping Center must provide the town a performance
guarantee in the amount of $143,000.00 to guarantee improvements to the existing Cattail Branch Sewage
Pumping Station and a performance guarantee in the amount of $115,621.00 to guarantee their
participation in the Sewer Construction Agreement~ as required by Resolution 90-226 adopted on
September 12, 1990.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The public improvements installed at Edwards Ferry Road and the Route 15 Bypass
are hereby accepted and a maintenance guarantee in a form approved by the town attorney in the amount
of $125,00.00 is approved and shall be in effect for a period of one year from this date.
SECTION II. The irrevocable letter of credit from Nations Bank in the amount of $500,000.00
shall not be released until the performance guarantees required by Resolution 90-226, adopted on
September 12, 1990, are provided and approved by the Town Attorney.
SECTION III. 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 24th day of November , 1992.
ATTEST:
James E. Clem, Mayor
Town of Leesburg
1992
1992