HomeMy Public PortalAbout1998_02_10_R038 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
98-38
ACCEPTING PUBLIC IMPROVEMENTS,
PERFORMANCE GUARANTEE AND
PRESENTED February 10, 1998
ADOPTED February 10, 1998
RELEASING THE
APPROVING A
MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT
EXETER SECTION 4
WHEREAS, Pulte Home Corporation, the developer of Exeter Section 4, 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 NationsBank in the amount of $259,300.00 is
released, a new security in a form approved by the town attorney for a maintenance guarantee in
the amount of $64,825.50 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 l0th day of February, 1998.
James E. Clem, Mayor
Town of Leesburg
ATTEST:
Clerk of Council
R:exeter4