HomeMy Public PortalAbout1994_07_26_R164 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 26, 1994
94-164 ADOPTED, July p6:1 994
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTSAT EXETER SECTION 12
WHEREAS, Richmond American Homes, Inc., the developer of Exeter Section 12 has completed
the public improvements in accordance with approved plans and town standards, and these have been
inspected and approved with the exception of some minor grading work which will be completed this fall.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from American Motorists Insurance Company in the
amount of $67,851.30 is released, a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $%088.75 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 26th day of July ,1994.
E. Clem, Mayor
Town of Leesburg
ATTEST:
Clerk of Council
R:exeter. 12