HomeMy Public PortalAbout1997_05_13_R110 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED May 13, 1997
97-110 ADOPTED Mag 13~ 1997
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT PAXTON SECTION 5
Rivermead Homes, Inc., the developer of Paxton Section 5 has completed the
Jam)~ E. Clem, Mayor
Ts~vn of Leesburg
Clerk of Council
R:paxsec5
WHEREAS,
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
$82,713.00 is released, a new security in a form approved by the town attorney for a maintenance
guarantee in the amount of $26,511.45 is approved, and shall be in effect for a period of one year from this
date.
SECTON 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 13th day of May ., 1997.