HomeMy Public PortalAbout1994_04_12_R071The Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED April 12, 1994
94-71 ADOPTED April 12:lqq4
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS FOR EXETER
SUBDIVISION SECTION 10
WHEREAS, Pulte Home Corporation, the developer of Exeter Subdivision Section 10, 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 letter of credit from Nations Bank in the amount of $173,234.24 is released
and a new security in a form approved by the town attorney for a maintenance guarantee in the amount
of $42,619.41 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 12th day of
April ,1994.
James E. Clem, Mayor
Town of Leesburg
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