HomeMy Public PortalAbout1997_08_12_R200 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED August 12, 1997
97-200 ADOPTED August 12, 1997
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
OUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT GREEN~VAY FAR~ SECTION 1
PASSED this i2th day of August ., 1997.
ATTEST:
Clerk of Council
, MaSor~~
urg
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WHEREAS, Trafalgar House, the developer of Greenway Farm Section 1 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 American Home Assurance Company in the amount
of $218,100.00 is released, a new security in a form approved by the town attorney for a maintenance
guarantee in the amount of $54,475.00 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.