HomeMy Public PortalAbout1996_09_10_R190The Town of
Leesburg,
rgm a
RESOLUTION NO.
A RESOLUTION:
PRESENTED September 10, 1996
96- 190 ADOPTED September 10, 1996
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT THE DULLES TOLL ROAD (DULLES
GREENWAY)
WHEREAS, Toll Road Investors Partnership II, L.P. (TRIP II), the developer of the Dulles Toll Road
(Dulles Greenway), 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 AMWEST Surety Insurance Company in the amount
of $263,897.40 is released, a new security in a form approved by the town attorney for a maintenance
guarantee in the amount of $65,974.35 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 10th day of
ATTEST:
Clerk of Council
September , 1996.
J/afnes E. Clem, Mayor
z/Town of Leesburg
R: greenway, res