HomeMy Public PortalAbout1994_01_11_R005The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED January 11, 1994
94-5 ADOPTED January 11~ 1994
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTSFOR THE MORNINGSIDE
HOUSE - 316 HARRISON STREET
WHEREAS, Interprop Ltd General Partnership, the developer of the Morningside House loated
at 316 Harrison Street have completed the public improvements in accordance with the 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 corporate surety bond from the Hanover Insurance Company in the amount
of $78,239.00 from the Hanover Insurance Company is released and a new security in a form approved
by the town attorney for a maintenance guarantee in the amount of $3,912.00 is approved and shall be
in effect for a period of one year from this date.
SECTION II. 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 llth day of January , 199~.
ATTEST:
R:mornsid.res
Jarmes E. Clem, Mayor
Town of Leesburg