HomeMy Public PortalAbout1998_10_27_R236The Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED October 27, 1998
98-236 ADOPTED October 27, 1998
ACCEPTING PUBLIC IMPROVEMENTS,
PERFORMANCE GUARANTEE AND
MAINTENANCE GURANTEE FOR PUBLIC
PARK VIEW ESTATES
RELEASING THE
APPROVING A
IMPROVEMENTS AT
WHEREAS, Leesburg Residential Partners, L.C., the developer of Park View Estates 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 Virginia First Savings Bank in the amount of
$99,830.82 is released, a new security in a form approved by the town attorney for a maintenance
guarantee in the amount of $24,957.71 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 27th day of October, 1998.
Clerk of Council
R:parkview
Jii~nes E. Clem, Mayor
Town of Leesburg