HomeMy Public PortalAbout1997_06_10_R135 The Town o~
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
97-135
ACCEPTING
PERFORMANCE
PRESENTED June 10, 1997
ADOPTED June 10, 1997
PUBLIC IMPROVEMENTS, RELEASING THE
GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT EXETER SECTION 3
WHEREAS, PuRe Home Corporation, the developer of Exeter Section 3 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 letter of credit from NationsBank in the amount of $151,525.50 is released, a
new security in a form approved by the town attorney for a maintenance guarantee in the amount of
$75,762.65 is approved, and shall be in effect for a period
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 10th day of June ,1997.
J e~s E.~Clem, Mayor
~I'own of Leesburg
AT'ST:
Clerk of Council
R:exeter3