HomeMy Public PortalAbout2000_06_27_r116The Town of
Leesburg,
Virginia
RESOLUTION NO.
PRESENTED June 27, 2000
2000-116 ADOPTED June 27, 2000
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
K1NCAID FOREST SECTION 11
WHEREAS, Kincaid VA, L.L.C., the developer of Kincaid Forest Section 11 has requested the
approval of a letter of credit from the Mercantile Safe Deposit and Trust Company in the amount of
$1,575,000.00 to guarantee the public improvements in Kincaid Forest Section 11; 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 11.
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 11.
SECTION II. The extension of municipal water and sewer for Kincaid Forest Section 11 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 Company in the amount of $1,575,000.00 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 11.
PASSED this 27t~ day of June 2000.
ATTEST:
l~erk of Council
· Clem, Mayor
Town of Leesburg
R:Kincaidll