HomeMy Public PortalAbout1995_02_14_R023 The Town of
Leesburg,
Virginia
PRESENTED February 1/4, 1995
RESOLUTION NO. 95-23 ADOPTED February 14, 1995
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT THE K-MART
BUILDING EXPANSION
WHEREAS, K-Mart Corporation, the developer of the K-Mart Building Expansion .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 the Aetna Life and Casualty in the amount of
$30,000.00 is released, a new security in a form approved by the town attorney for a maintenance
guarantee in the amount of $1,500.00 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 14th day of February , 1995.
ATTEST:
Clerk of Council
J/ames E. Clem, Mayor
Town of Leesburg
R:kmart.res