HomeMy Public PortalAbout1995_03_14_R050The Town of
Leesburg,
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PRESENTED March !4~ 1995
RESOLUTION NO. 95-50 ADOPTED March 14. 1995
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT THE ANTIQUE
CENTER ACCESS @ FOOD LION
WHEREAS, Food Lion, Inc., the developer for the Antique Center Access @ Food Lion 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 letter of credit from Wachovia Bank of North Carolina, N.A. confirmed by
Central Fidelity Bank in the amount of $61,667.00 is released. A new security in a form approved by the
town attorney for a maintenance guarantee in the amount of $3,083.55 is approved, and shall be in effect
for a period of one year from this date.
SECTION II. This releas6 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 March
Clerk of Council
, 1995.
· Clem, Mayor
Town of Leesburg
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