HomeMy Public PortalAbout2005_01_25_r011The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED: January 25, 2005
2 005 -11 ADOPTED: January_ 25, 2005
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT THE MEMORIAL DRIVE SUBDWISION
/]er-l~ of Council
R05:MemorialDrSubd PerfRel
WHEREAS, Chadsworth Homes, Inc., the developer of the Memorial Dive Subdivision 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 Memorial Drive Subdivision.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the American Motorists Insurance Company in the
amount of $129,705.45 is released, and a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $6,485.27 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 25th day °f January 2005' ~r~~~. ~~_.~ .~~_
~C.-U~st~ttd,'Ma~o'r
Town of Leesburg