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HomeMy Public PortalAbout1997_09_23_R229 The Town of Leesburg, Virginia RESOLUTION NO. A RESOLUTION: PRESENTED September 23, 1997 97-229 ADOPTED September 23, 1997 ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORIVL~NCE GUARANTEE AND APPROVINO A MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT GATE~VAY LOT 9A - FORT KNOX SELF STORAGE Clerk of Council J es~E.~Clem, Mayor Town of Leesburg R:gate9A WHEREAS, Williamsborough Development Company, the developer of Gateway Lot 9A - Fort Knox Self Storage 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 Frederick County National Bank in the amount of $19,736.00 is released, a new security in a form approved by the town attorney for a maintenance guarantee in the amount of $4,934.10 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. PASSED this 23rd day of September ,1997.