HomeMy Public PortalAbout2003_01_14_r002The Town of
] ,eesburg,
irginia
PRESENTED January 14, 2003
RESOLUTION NO. 2 0 0 3- 2 ADOPTED January_ 14, 2003
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT EXETER HILLS
SECTION 5B
WHEREAS, Washington Homes, Inc., the developer of Exeter Hills Section 5B 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 Exeter Hills Section 5B.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from The American Insurance Company in the
amount of $123,339.38 is released, and a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $46,926.85 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 14t~ day of January_. 2003.
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