HomeMy Public PortalAbout1995_06_13_R123 The Town of
Leesburg,
Virginia
PRESENTED June 13~ 1995
RESOLUTION NO. 95-123 ADOPTED June !3~ 1995
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT MANORS OF
LEESBURG SECTION 1
WHEREAS, Rivermcad Homes, Inc., the developer of Manors of Leesburg Section 1, 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 Seaboard Surety Company in the amount of
$215,540.00 is released, a new security in a form approved by the town attorney for a maintenance
guarantee in the amount of $53,885.00 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 13th day of June
ATTEST:
Clerk of Council
, 1995.
o meS E. Clem, Mayor
wn of Leesburg
R:mansecl.res