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