HomeMy Public PortalAbout1992_11_24_R237The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED Nowmho~ ?/,: 1992
92-237 ADOPTED November 24,, 1992
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT THE BATTLEFIELD SHOPPING CENTER
ATTEST:
James E. Clem, Mayor
Town of Leesburg
WHEREAS, Fort Evans-Beverly Road Associates, the developer of the Battlefield Shopping Center,
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 Battlefield Shopping Center are hereby accepted
and a maintenance guarantee in a form approved by the town attorney in the amount of $36,850.00 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 $147,400.00
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.