HomeMy Public PortalAbout1995_03_14_R053The Town o~
Leesburg,
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PRESENTED March 1.4~ 1995
RESOLUTION NO. 95-53 ADOPTED March 14, 1995
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT FOOD LION
WHEREAS, Food Lion, Inc., the developer of Food Lion Supermarket 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 $362,696.00 is released. A new security in a form approved by
the town attorney for a maintenance guarantee in the amount of $18,134.80 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 March , 1995.
me~Ts E. Clem5 ~
Mayor
Town of Leesburg
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