HomeMy Public PortalAbout2003_05_28_r083The Town of
l .eesburg,
rg ma
RESOLUTION NO.
A RESOLUTION:
PRESENTED May 28, 2003
2 0 0 3- 8 3 ADOPTED May 28, 2003
AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE FOR STAR PONTIAC-GMC, INC., VEHICLE STORAGE
AREA
WHEREAS, GNT Associates, LC the developer of Star Ponfiac-GMC, Inc., Vehicle Storage
Area, has requested approval of a letter of credit from Wachovia Bank in the amount of $83,711.00 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 Star Pontiac-
GMC, Inc., Vehicle Storage Area.
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 Star
Ponfiac-GMC, Inc., Vehicle Storage Area.
SECTION II. The letter of credit in a form approved by the town attorney from Wachovia
Bank in the amount of $83,711.00 is approved as security to guarantee installation of the public
improvements shown on plans approved by the Director of Engineering and Public Works for Star
Pontiac-GMC, Inc., Vehicle Storage Area.
PASSED this 28th day of May 2003.
ATTEST:
~erk 0f-~;t~x{cil -
Kriste~'C. Un~tattd, ~ayor .... ~
Town of Leesburg
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