HomeMy Public PortalAbout1998_01_27_R020 The Town of
Leesburg,
)Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED January_ 27, 1998
98-20 ADOPTED January_ 27, 1998
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT MIDDLEBURG BANK
CATOCTIN CIRCLE DRAINAGE IMPROVEMENTS
WHEREAS, The Middleburg Bank, the developer of the Middleburg Bank Catoctin Circle
Drainage Improvements 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 $13,700.00 is released,
a new security in a form approved by the town attorney for a maintenance guarantee in the amount of
$6,855.00 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 27m day of January, 1998.
~at~es E. Clem, Mayor
Town of Leesburg
ATTEST:
Clerk of Council
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