HomeMy Public PortalAbout1997_04_08_R081 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
WHEREAS,
PRESENTED April 8, 1997
97-81 ADOPTED April 8, 1997
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT KINCAID FOREST
PHASE 1, SECTION 2
First Potomac Development Company, the developer of Kincaid Forest Phase 1,
Section 2, 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 Motorists Insurance Company in the
amount of $167,355.35 is released, a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $41,885.50 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 8th day of Apr±l ,1997.
J~es E. Clem, Mayor
Town of Leesburg
ATWEST:
~ le~rk of ~o~ncil' '
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