HomeMy Public PortalAbout1996_05_14_R086 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED May 14, 1996
96-86 ADOPTED May 14, 1996
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT GREENWAY FARM
SECTION lA
, 1996.
J Clem, Mayor
Town of Leesburg
R:grnwaylA.res
Clerk of Council Iv
PASSED this 14th day of May
WHEREAS, Trafalgar House Residential, the developer of Greenway Farm Section IA, 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 American Home Assurance Company in the
amount of $52,400.00 is released, a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $13,100.00 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.