HomeMy Public PortalAbout1999_04_13_r103 The Town of
Leesburg,
Virginia
PRESENTED April 13, 1999
RESOLUTION NO. 99-103 ADOPTED April 13, 1999
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A
MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT
OLD WATERFORD KNOLL, SECTION 2A
WHEREAS, Richmond American Homes, the developer of Old Waterford Knoll, Section
2A has completed the public improvements in accordance with approved plans and town
standards, and these have been inspected and approved.
THEREFORE, RESOLVED by the
follows:
SECTION I. The corporate surety
Council of the Town of Leesburg in Virginia as
bond from United States Fidelity & Guaranty
Company in the amount of $258,461.00 is released, a new security in a form approved by the
town attorney for a maintenance guarantee in the amount of $58,679.35 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 13t~ day of April, 1999.
Clerk of Council
Jm'l~es E. Clem, Mayor
Town of Leesburg
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