HomeMy Public PortalAbout1999_09_14_r276The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
99-276
ACCEPTING PUBLIC IMPROVEMENTS,
PERFORMANCE GUARANTEE AND
PRESENTED September 14, 1999
ADOPTED September 14, 1999
RELEASING THE
APPROVING A
MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT
EXETER HILLS SECTION 5A
WHEREAS, K. Hovnanian at Exeter Hills, the developer of Exeter Hills Section 5A 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 $170,691.80 is released, a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $52,610.60 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 14th day of September, 1999.
Clerk of Council
J~ames E. Clem, Mayor
Town of Leesburg
R:ExeterHillsSA