HomeMy Public PortalAbout2003_02_25_r038The Town of
.eesburg,
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PRESENTED February 25, 2003
RESOLUTION NO. 2 0 03- 3 8 ADOPTED February 25, 2003
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT THE MEAD HILL
SUBDIVISION
WHEREAS, D.R. Horton, Inc., the developer of the Mead Hill Subdivision 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 Mead Hill Subdivision.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond in the amount of $131,073.48 from the Seaboard
Surety Company is released, and a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $19,048.63 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 25th day of February 2003.
ATTEST:
(~rk of Council
Krist~n C. Ums~attd, Mayor
Town of Leesburg
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