HomeMy Public PortalAbout1995_09_12_R180 The Town of
Leesburg,
Virginia
PRESENTED September 12~ 1995
RESOLUTION NO. 95-180 ADOPTED September 12~ 1995
A RESOLUTION: ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT EXETER SECTION 9
WHEREAS, Richmond American Homes, the developer of Exeter Section 9, 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 the American Motorists Insurance Company in
the amount of $313,360.60 is released and a new security in a form approved by the town attorney for
a maintenance guarantee in the amount of $78,340.15 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 12th day of September
Clerk of Counc{l
,1995.
J,3qnes E. Clem, Mayor
Town of Leesburg
R:exeter9.res