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HomeMy Public PortalAbout1998_01_27_R021 The Town of Leesburg, Virginia RESOLUTION NO. 9 8 - 21 A RESOLUTION: PRESENTED January 27, 1998 ADOPTED January_ 27, 1998 ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT POTOMAC STATION SANITARY SEWER OUTFALL LINE A WHEREAS, Goose Creek Communities, L.L.C., the developer of Potomac Station Sanitary Sewer Outfall Line A 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 Mercantile-Safe Deposit & Trust Company in the amount of $16,854.91 is released, a new security in a form approved by the town attorney for a maintenance guarantee in the amount of $8,428.00 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 27th day of January, 1998. ~a~s E. Clem, Mayor Town of Leesburg ATTEST: Clerk of Council R:potstaA