HomeMy Public PortalAbout2003_04_08_r056The Town of
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PRESENTED April 8, 2003
RESOLUTION NO. 2003- 56 ADOPTED April 8, 2003
A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT MIDDLEBURG BANK
OFFICE BUILDING
WHEREAS, The Middleburg Bank, the developer of the Middleburg Bank Office Building 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 Middleburg Bank Office Building.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from St. Paul Fire and Marine Insurance Company in
the amount of $125,765.00 is released, and a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $6,288.21 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 8~ day of April 2003.
A/~EST:
rk of Council
Town of Leesburg
R:MiddleburgBankOffBldgPerfRel