HomeMy Public PortalAbout1999_09_28_r300The Town of
Leesburg,
-Virginia
RESOLUTION NO.
A RESOLUTION:
99- 300 ADOPTED
ACCEPTING PUBLIC IMPROVEMENTS,
PERFORMANCE GUARANTEE AND
PRESENTED September 28, 1999
September 28, 1999
RELEASING THE
APPROVING A
MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT
TOWNES OF VANDERBILT SECTION 3
WHEREAS, The Double T Corporation, the developer of Tomes of Vanderbilt Section 3
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 Washington Savings Bank in the amount of
$58,996.16 is released, a new security in a form approved by the town attorney for a maintenance
guarantee in the amount of $18,539.68 is approved, and shall be in effect for a period of one year
form 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 28~ day of September, 1999.
A~,/~TEST:
Clerk of Council
J~mes E. Clem, Mayor
Town of Leesburg
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