HomeMy Public PortalAbout2003_04_08_r055The Town of
l .eesburg,
,- irglnla
RESOLUTION NO.
A RESOLUTION:
2003-55
PRESENTED April 8, 2003
ADOPTED April 8, 2003
ACCEPTING PUBLIC IMPROVEMENTS,
PERFORMANCE GUARANTEE AND APPROVING
GUARANTEE FOR PUBLIC IMPROVEMENTS
HEIGHTS
RELEASING THE
A MAINTENANCE
AT BEAUREGARD
WHEREAS, Beauregard Associates, LLC, the developer of Beauregard Heights 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 Beauregard Heights.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the Great American Insurance Company in the
amount of $395,149.37 is released, and a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $44,861.67 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 8th day of April 2003.
rk of Council
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