HomeMy Public PortalAbout2002_01_23_r012The Town of
l eesburg,
irginia
PRESENTED January_ 23, 2002
RESOLUTION NO. 2002-12 ADOPTED January_ 23, 2002
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
KINCAID FOREST SECTION 12B
WHEREAS, Kincaid VA, L.L.C., the developer of Kincaid Forest Section 12B has requested the
approval of a letter of credit from the Mercantile-Safe Deposit and Trust Company in the amount of
$175,000.00 to guarantee the public improvements in Kincaid Forest Section 12B; 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 12B.
RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The town 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 12B.
SECTION II. The extension of municipal water and sewer for Kincaid Forest Section 12B 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 $175,000.00 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 12B.
PASSED this 23ra day of January 2002.
ATTEST:
J21~i'k of Council
B.J. Wel~, Mayor
Town of Leesburg
R:Kincaid 12B