HomeMy Public PortalAbout1998_04_14_R093The Town of
Leesburg,
rg ma
RESOLUTION NO.
A RESOLUTION:
PRESENTED April 14, 1998
98-93
ACCEPTING PUBLIC IMPROVEMENTS,
PERFORMANCE GUARANTEE AND
ADOPTED April 14, 1998
RELEASING THE
APPROVING A
MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT
EXETER SUBDIVISION SECTION 6
WHEREAS, Pulte Home Corporation, the developer of Exeter Subdivision Section 6, 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 $167,626.00 is
released, a new security in a form approved by the town attorney for a maintenance guarantee in
the amount of $41,906.40 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 14th day of April, 1998.
Clerk of Council
Jafnes E. Clem, Mayor
Town of Leesburg
R:exeter6