HomeMy Public PortalAbout1997_09_23_R228The Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED September 23~ 1997
97-228 ADOPTED September 23, 1997
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVHWG A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT EXETER SECTION ?
PASSED this 23rd day of
Clerk of Council
September ,1997.
J e~s E.~Clem, Mayor ~
Town of Leesburg
R:exeter7
WHEREAS, Pulte Home Corporation, the developer of Exeter Section 7 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 $274,622.40 is released, a
new security in a form approved by the town attorney for a maintenance guarantee in the amount of
$68,655.60 is approved, and shall be in effect for a period of one year from this date.
SECTION II. This release in contingent upon delivery of a properly executed instrument
conveying unto the town all such improvements and easements free of any liens or charges.