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HomeMy Public PortalAbout2002_07_09_r129The Town of l .eesburg, & rg ma PRESENTED July 9, 2002 RESOLUTION NO. 2 0 0 2- 1 2 9 ADOPTED July 9, 2002 A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR THE ALLMAN WATER & SANITARY SEWER EXTENSION WHEREAS, Allman Family Limited Partnership, the developer of the Allman Water & Sanitary Sewer Extension, has requested approval of a letter of credit from Potomac Bank of Virginia in the amount of $33,000.00 to guarantee the public improvements; 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 the Allman Water & Sanitary Sewer Extension. THEREFORE, 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 the Allman Water & Sewer Extension. SECTION II. The extension of municipal water and sewer for the Allman Water & Sanitary Sewer Extension is approved in accordance with Section 15-9 and 19-18 of the Town Code. SECTION m. The letter of credit in a form approved by the town attorney from the Potomac Bank of Virginia in the amount of $33,000.00 is approved as security to guarantee installation of the public improvements shown on plans approved by the Director of Engineering and Public Works for the Allman Water & Sewer Extension. PASSED this 9t~ day of July 2002. ATTEST: flik Of douncil Town of Leesburg R02:AllmanW&SExt