HomeMy Public PortalAbout1999_01_26_r011The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED January_ 26, 1999
99-11
ADOPTED January_ 26, 1999
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A
MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT
SYCAMORE HILL/FORT EVAN'S ROAD IMPROVEMENTS
WHEREAS, Sycamore Hill L.L.C., the developer of Sycamore Hill/Fort Evan's Road
Improvements 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 the Ohio Savings Bank in the amount of
$35,857.00 is released, a new security in a form approved by the town attorney for a maintenance
guarantee in the amount of $17,928.00 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 26th day of January, 1999.
Clerk of Council
Jaf~es E. Clem, Mayor
Town of Leesburg
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