HomeMy Public PortalAbout1996_11_12_R240The Town of
Leesburg,
.rg ma
RESOLUTION NO.
A RESOLUTION:
PRESENTED November 12, 1996
96-240 ADOPTED November 12, 1996
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT PAXTON SUBDIVISION SECTION 3 & 4
PASSED this 12th day of November , 1996.
A__~~ST:
Clerk of Council
Clem, Mayor
esburg
R: paxton3 &4. res
WHEREAS, Rivermead Homes, Inc., the developer of the Paxton Subdivision Section 3 & 4 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 Seaboard Surety Company in the amount of
$110,297.00 is released, a new security in a form approved by the town attorney for a maintenance guarantee
in the amount of $27,574.30 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.