HomeMy Public PortalAbout2002_02_12_r016 perf Guar Fort Evans Plaza Traffic SignalizationThe Town of
! eesburg,
RESOLUTION NO.
2002-16
PRESENTED February 12, 2002
ADOPTED February 12, 2002
A RESOLUTION:
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A
MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT
THE FORT EVANS PLAZA TRAFFIC SIGNALIZATION
WHEREAS, Fort Evans Plaza Limited Partnership, the developer of the Fort Evans Plaza
Traffic Signalization 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 the Fort Evans Plaza Traffic
Signalization.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The corporate surety bond from the Lumbermens Mutual Casualty
Company in the amount of $165,000.00 is released, a new security in a form approved by the
town attorney for a maintenance guarantee in the amount of $8,250.00 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 12th day of February 2002.
/
ATTEST:
B.J. W~ob, Mayor
Town otr Leesburg
(~rk of Council
R:FtEvnsPlzTSig