HomeMy Public PortalAbout1994_07_26_R155The Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED July 26, 1994
94-155 ADOPTED July 26, 1994
MAKING A REDUCTION OF THE PERFORMANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS INSTALLED AT LEESBURG GATEWAY
LOT i
WHEREAS, the town's Director of Engineering and Public Works has reviewed the public
improvements installed to date at Leesburg Gateway Lot 1 and certified that the value of work performed
is $15,520.00; and
WHEREAS, a cash bond in the current amount of $37,145.00 has been provided by the
developer and approved by the Council to guarantee installation of public improvements at Leesburg
Gateway Lot 1.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The cash bond in the amount of $37,145.00 is reduced to $21,625.00.
SECTION II. The Town Manager shall notify the developer that liability for the cash bond
funds has been reduced as outlined in Section I of this resolution, and that this reduction does not
constitute acceptance of public improvements by the town or relieve the developer of responsibilities
outlined in the contract for public improvements for Leesburg Gateway Lot 1.
PASSED this 26th day of July , 1994.
ATTEST:
.~James E. Clem, Mayor
Town of Leesburg
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