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HomeMy Public PortalAbout1998_02_24_R049 The Town of Leesburg, Virginia RESOLUTION NO. 98-/49 A RESOLUTION: AUTHORIZING PERFORMANCE EXTENSION PARKWAY AN GUARANTEE AND WATER AND PERMITS FOR STRATFORD PHASE PRESENTED February_ 24, 1998 ADOPTED February_ 24, 1998 AGREEMENT AND APPROVING A SEWER B HOPE RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The manager shall execute the contract for public improvements for the improvements shown on the plans approved by the Director of Engineering and Public Works for Stratford Phase B Hope Parkway. SECTION II. The extension of municipal water and sewer for Stratford Phase B Hope Parkway is approved in accordance with Sections 15-9 and 19-18 of the Town Code. SECTION III. The letter of credit in a form approved by the town attorney from Virginia First Savings Bank F.S.B. in the amount of $302,922.25 is approved as security to guarantee installation of the public improvements shown on plans approved by the Director of Engineering and Public Works for Stratford Phase B Hope Parkway. PASSED this 24th day of February, 1998. ATTEST: Clerk of Council J/a~es E. Clem, Mayor Town of Leesburg R:stfdhope