HomeMy Public PortalAbout1999_11_09_r342The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
99-342
PRESENTED November 9, 1999
ADOPTED November 9, 1999
AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
KINCAID FOREST SECTION 10C
J,a~es E. Clem, Mayor
Town of Leesburg
R:kincaidsecl 0C
Clerk of Council
WHEREAS, Robert B. Jordan Companies, the developer of Kincaid Forest Section 10C
requested the approval of a letter of credit from the Mercantile Safe Deposit and Trust Corporation in the
amount of $676,691.40 to guarantee the public improvements in Kincaid Forest Section 10C; and
WHEREAS, the Director of Engineering and Public Works recommends approval of a contract
for installation of public improvements and acceptance of a performance guarantee for Kincaid Forest
Section 10C.
RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The manager shall execute the contract for public improvements for the
improvements shown on the plans approved by the Director of Engineering and Public Works for Kincaid
Forest Section 10C.
SECTION II. The extension of municipal water and sewer for Kincaid Forest Section 10C is
approved in accordance with Section 15-9 and 19-18 of the Town Code.
SECTION III. The letter of credit in a form approved by the town attorney from the Mercantile
Safe Deposit and TruSt Corporation in the amount of $676,691.40 is approved as security to guarantee
installation of the public improvements shown on plans approved by the Director of Engineering and
Public Works for Kincaid Forest Section 10C.
PASSED this__9th day of November, 1999.