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HomeMy Public PortalAbout2000_04_11_r072The Town of I eesburg, trg ma PRESENTED April 11, 2000 RESOLUTION NO. 2000- ~ ~a~ ADOPTED April 11, 2000 A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT EXETER FIRST ADDITION WHEREAS, Richmond American Homes, the developer of Exeter First Addition has completed the public improvements in accordance with approved plans and town standards and these have been inspected and approved; and WHEREAS, the Director of Engineering and Public Works recommends accepting the public improvements and approving a maintenance guarantee for Exeter First Addition. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The corporate surety bond from the American Motorist Insurance Company in the amount of $108,616.00 is released, a new security in a form approved by the town attorney for a maintenance guarantee in the amount of $23,399.80 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 11th day of April 2000.. ATTEST: clerk of C~uncil .... R:Exeter 1 stAddition Jafines E. Clem, Mayor Town of Leesburg