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HomeMy Public PortalAbout1997_08_12_R201 The Town of Leesburg, Virginia RESOLUTION NO. A RESOLUTION: public PRESENTED August 12, 1997 97-201 ADOPTED August 12, 1997 ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE pERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT GREENWAY FARM SECTION 4A WHEREAS, Trafalgar House, the developer of Greenway Farm Section 4A has completed the 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 $57,200.00 is released, a new security in a form approved by the town attorney for a maintenance guarantee in the amount of $11,000.00 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. PASSEDthis 12th dayof August ,1997. j~m, Mayor~-- ~,4'own of Leesburg Clerk of Council R:grn4Arel