HomeMy Public PortalAbout1996_05_28_R104The Town of
Leesburg,
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PRE~ENTED May 28, 1996
RESOLUTION NO. 96-104 ADOPTED May 28, 1996
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTSAT POTOMAC CROSSING
SECTION 1E
WHEREAS, Richmond American Homes, the developer of Potomac Crossing Section 1E 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 Motorists Insurance Company in the
amount of $91,600.00 is released, a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $22,900.00 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 28th day of May ., 1996.
ST:
Clerk of Council
· Clem, Mayor
Leesburg
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