HomeMy Public PortalAbout1996_11_05_R234The Town of
Leesburg,
.rg ma
RESOLUTION NO.
A RESOLUTION:
96-234
PRESENTED November 5, 1996
ADOPTED November 5, 1996
MAKING A REDUCTION OF THE PERFORMANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS INSTALLED AT THE MIDDLEBURG BANK
CATOCTIN CIRCLE DRAINAGE IMPROVEMENTS
WHEREAS, the town's Director of Engineering and Public Works has reviewed the public
improvements installed to date at the Middleburg Bank Catoctin Circle Drainage Improvements and certified
that the value of work performed is $123,390.00; and
WHEREAS, a cash bond in the amount of $137,100.00 was provided by the developer and approved
by the Council to guarantee installation of public improvements for the Middleburg Bank Catoctin Circle
Drainage Improvements.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The cash bond in the amount of $137,100.00 is reduced to $13,710.00.
SECTION II. The Town Manager shall notify the developer that liability for cash bond funds has
been reduced as outlined in Section I of this resolution and that this reduction does not constitute acceptance
of public improvements by the town or relieve the developer of responsibilities outlined in the contract for
public improvements for the Middleburg Bank Catoctin Circle Drainage Improvements.
PASSED this 5th day of November , 1996
Clerk of CounCil
em, Mayor
Leesburg
R: midbkccd, res