HomeMy Public PortalAbout1997_11_25_R272The Town of
Leesburg,
rg ma
RESOLUTION NO. 97-272
A RESOLUTION:
PRESENTED November 25, 1997
ADOPTED November 25, 1997
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A
MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT
OLD WATERFORD KNOLL PUMP STATION
WHEREAS, Richmond American Homes, the developer of Old Waterford Knoll Pump
Station 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 Frontier Insurance Company in the amount
of $226,181.00 is released, a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $11,309.05 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.
PASSED this 25t~ day of November., 1997.
· Clem, Mayor
Town of Leesburg
-2-
A RESOLUTION: PERFORMANCE GUARANTEE - OLD WATERFORD KNOLL PUMP
STATION
ATTEST:
Clerk of Council
R:owtrpump