HomeMy Public PortalAbout2002_08_13_r143 The Town of
eesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED August 13, 2002
2002-163 ADOPTED August 13, 2002
AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
KINCAD FOREST SECTION 4C
WHEREAS, Kincaid VA, L.L.C., the developer of Kincaid Forest Section 4C, has requested
approval of a letter of credit from the Mercantile Safe Deposit and Trust Company in the amount of
$148,543.00 to guarantee tile 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 Kincaid Forest
Section 4C.
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
Kincaid Forest Section 4C.
SECTION II. The extension of municipal water and sewer for Kincaid Forest Section 4C 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 $148,543.00 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 4C.
PASSED this 13th day of August 2002.
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of Council
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Town of Leesburg
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