HomeMy Public PortalAbout1995_03_14_R051The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED March 14~ 1995
95-51 ADOPTED March 14, 1995
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT THE FOOD LION
TRAFFIC SIGNAL INSTALLATION @ ROUTE 15 AND DAVIS AVENUE
WHEREAS, Food Lion, Inc., the developer for the Food Lion Traffic Signal Installation @
Route 15 and Davis AvenUe 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 $90,000.00 is released. A new security in a form approved by the
town attorney for a maintenance guarantee in the amount of $4,500.00 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 15iarch
Clerk of Council
, 1995.
J, aSnes E. Clem, Mayor
Town of Leesburg
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