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HomeMy Public PortalAbout1998_02_24_R053The Town of Leesburg, .rg ma RESOLUTION NO. A RESOLUTION: 98-53 PRESENTED February_ 24, 1998 ADOPTED February 24, 1998 AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR STRATFORD PHASE B - SECTION 2 & 4 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 - Section 2 & 4. SECTION II. The extension of municipal water and sewer for Stratford Phase B - Section 2 & 4 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 $542,856.00 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 - Section 2 & 4. PASSED this 244 day of February, 1998. ATTEST: Clerk of Council T?esE. Clem, Mayor wn of Leesburg R:stfdB24