HomeMy Public PortalAbout2001_12_11_r208The Town of
l .eesburg,
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RESOLUTION NO.
A RESOLUTION:
2001-208 ADOPTED
ACCEPTING PUBLIC IMPROVEMENTS,
PERFORMANCE GUARANTEE AND
PRESENTED December 11 2001
December 11,2001
RELEASING THE
APPROVING A
MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT
OLD WATERFORD KNOLL SECTION 3
WHEREAS, Richmond American Homes of Virginia, Inc., the developer of Old
Waterford Knoll Section 3 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 Old Waterford Knoll Section 3.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The corporate surety bond from the St. Paul Fire and Marine Insurance
Company in the amount of $207,754.38 is released, a new securitY in a form approved by the
town attorney for a maintenance guarantee in the amount of $103,877.19 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 December 2001.
ATTEST:
f Council
B.J. Wel~0, Mayor
Town of/Leesburg
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