HomeMy Public PortalAbout1994_10_11_R213The Town of
Leesburg,
rg ma
RESOLUTION NO.
A RESOLUTION:
PRESENTED October 11~ 1994
94-213 ADOPTED October 11, 1994
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT STONEGATE PHASE
1, SECTION 3
WHEREAS, Trafalgar House, the developer of Stonegate Phase 1, Section 3, has completed the
public improvements in accordance with 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 American Home Assurance Company in the
amount of $87,417.40 is released, a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $21,854.35 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 October , 1994.
Town of Leesburg
ATTEST:
R:stngate3.res