HomeMy Public PortalAbout2002_03_26_r039The Town of
Leesburg,
trgtma
RESOLUTION NO.
A RESOLUTION:
PRESENTED March 26, 2002
2 0 0 2- 3 9 ADOPTED March 26, 2002
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A
MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT
THE HOLIDAY INN WATERLINE
WHEREAS, Crown Hotel Partners, L.P., the developer of the Holiday Inn Waterline 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 Holiday Inn Waterline.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The corporate surety bond from the Travelers Casualty and Surety
Company in the amount of $25,000.00 is released, a new security in a form approved by the
town attorney for a maintenance guarantee in the amount of $1,250.00 is approved, and shall be
in effect for a period of one year from this date.
SECTION II. This release is 'conting.ent upon delivery Of a properly executed instrument
conveying unto the town all such improvements and easements free of any liens or charges. '
PASSED this 26th day of March 2002.
ATTEST:
l/erk of Council
B.J. We~b, Mayor
Town of Leesburg
R:HolidayInnWtrline