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HomeMy Public PortalAbout2003_03_25_r046The Town of ] eesburg, rg ma RESOLUTION NO. A RESOLUTION: PRESENTED March 25, 2003 2003-/,6 ADOPTED March 25, 2003 AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR THE GODDARD DAYCARE @ TAVISTOCK WHEREAS, Foothills Land Company, L.L.C., the developer of the Goddard Daycare @ Tavistock, has requested approval of a letter of credit from The Fauquier Bank in the amount of $24,097.00 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 Goddard Daycare @ Tavistock. 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 Goddard Daycare @ Tavistock. SECTION II. The extension of municipal water and sewer for the Goddard Daycare @ Tavistock 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 Fauquier Bank' in the amount of $24,097.00 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 Goddard Daycare @ Tavistock. PASSED this 25th day of March 2003. Kn~C. Un~s~attd, Mayor-- Town of Leesburg R03:GoddardDaycare