HomeMy Public PortalAbout1998_01_27_R019 The Town o/
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
98-19
ACCEPTING
PRESENTED January_ 27, 1998
ADOPTED January 27, 1998
PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT THE MIDDLEBURG
BANK
WHEREAS, The Middleburg Bank, the developer of the Middleburg Bank 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 cash bond from The Middleburg Bank in the amount of $8,353,87 is released, a
new security in a form approved by the town attorney for a maintenance guarantee in the amount of
$4,176.93 is approved, and shall be in effect for a period of one year from this date.
SECTION II. This release if 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 27th day of January, 1998.
ATTEST:
Clerk of Council
JT~owneS E. Clem,
Mayor
of Leesburg