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HomeMy Public PortalAbout1998_05_12_R118The Town of Leesburg, Virginia RESOLUTION NO. A RESOLUTION: PRESENTED May 12, 1998 98-~8 ADOPTED May 12, 1998 AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR SYCAMORE HILL PHASE I, SECTION 3 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 Sycamore Hill Phase I, Section 3. SECTION II. The extension of municipal water and sewer for Sycamore Hill Phase I, Section 3 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 Ohio Savings Bank in the amount of $272,062.00 is approved as security to guarantee installation of the public improvements shown on plans approved by the Director of Engineering and Public Works for Sycamore Hill Phase I, Section 3. PASSED this 12th day of May, 1998. ATTEST: Clerk of Council l~(rnes E. Clem, Mayor Town of Leesburg R:sycal3