HomeMy Public PortalAbout1999_01_12_r006The Town of
Leesburg,
Virginia
PRESENTED January_ 12, 1999
RESOLUTION NO. 99-6 ADOPTED January 12, 1999
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A
MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT
TAVISTOCK FARMS SECTION 5
WHEREAS, Arcadia Building Company, the developer of Tavistock Farms Section 5 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 corporate surety bond from The American Insurance Company in the
amount of $117,498.00 is released, a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $29,374.55 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 12t~ day of January, 1999.
ATTEST:
Clerk of Council
9owneSE. Clem,
Mayor
of Leesburg
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