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HomeMy Public PortalAbout2004_09_14_r144The Town of Leesburg, Virginia PRESENTED S0ptemb~' 14, 2004 RESOLUTION NO. 2 00/,- ]./+6~ ADOPTED September 14, 2004 A RESOLUTION: AUTHORIZlNO AN AOREEMENT AND APPROVINO A PERFORMANCE OUARANTEE FOR GOD'S CHILDREN LEARNING CENTER WHEREAS, Patrioia Bennott, th~ d~¢l~ of th~ God's Children Learning Center, has requested approval of a leXtor of crodit from tho Wachovia Bank in th~ mount of $29,200.00 to guarantee the public improvm~nts; and WHEREAS, tho D~r of Engin~ning and Public Works roconunends approval of a contract for installation of public improvemmts and aecoptanco of a porformane~ guarantee for the God's Children Leami~ Center. THEREFORE, RESOLVED by tho Council of thc 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 God's Children L~xning Center. SECTION II. The letter of credit in a form approved by the town attorney from the Wachovia Bank in the amount of $29,200.00 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 God's Children Learning Center. PASSED this 14~, day of S _~ptember 2004. i~ of Council Town of Leesburg R04:Ood'~'hii~N~wBond