HomeMy Public PortalAbout1995_02_28_R038The Town of
Leesburg,
.rg ma
PRESENTED February 28~ 1995
RESOLUTION NO. 95-38 ADOPTED February 28, 1995
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT GREENWAY FARM
REGIONAL STORMWATER MANAGEMENT POND PHASE I
WHEREAS, Trafalgar House, the developer of the Greenway Farm Regional Stormwater
Management Pond Phase I, 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 follo~vs:
SECTION I. The corporate surety bond from American Home Assurance Company in the
amount of $152,000.00 is released. A new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $38,000.00 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 28th day of February , 1995.
ATTEST:
J~fmes E. Clem, Mayor
Town of Leesburg
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