HomeMy Public PortalAbout2001_04_10_r045
The Town of
J .eesburg,
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RESOLUTION NO. 2001-45
PRESENTED April 10. 2001
ADOPTED
April 10. 2001
A RESOLUTION:
AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
LEESBURG AIRPARK LOT D
WHEREAS, Park Centre I, L.L.C., the developer of Leesburg Airpark Lot D has requested the
approval of a letter of credit from the Branch Banking and Trust Company in the amount of $232,478.00
to guarantee the public improvements at Leesburg Park Lot D; 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 Leesburg Airpark
LotD.
RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION 1. The town manager shall execute the contract for public improvements for the
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improvements shown on the plans approved by the Director of Engineering and Public Works for
Leesburg Airpark Lot D.
SECTION II. The extension of municipal water and sewer for Leesburg Airpark Lot D 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 Branch
Banking and Trust Company the amount of $232,478.00 is approved as security to guarantee installation
of the public improvements shown on plans approved by the Director of Engineering and Public Works
for Leesburg Airpark Lot D.
PASSED this 10th day of April 2000.
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B.J. Web, Mayor
Town of Leesburg
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