HomeMy Public PortalAbout1996_11_26_R259 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED November 26, 1996
96-259 ADOPTED November 26, 1996
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT THE STONEGATE CHANNEL
IMPROVEMENTS
WHEREAS, Trafalgar House Residential, the developer of the Stonegate Channel Improvements 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 American Home Assurance Company in the amount
of $24,816.00 is released, a new security in a form approved by the town attorney for a maintenance
guarantee in the amount of $6,204.00 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 26th day of November , 1996.
A'TTE.ST:
rio of Council
· Clem, Mayor
of Leesburg
R: stnchan, res