HomeMy Public PortalAbout2005_01_25_r012The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED: January 25, 2005
2005-1.2 ADOPTED: January 25, 2005
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT RIVER CREEK PARKWAY SOUTH
PASSED this 25m day of January. 2005.
erk of ~ouncil
~2. Um~attd, May(~: ~
Town of Leesburg ~
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WHEREAS, River Creek L.L.C., the developer of River Creek Parkway South 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 River Creek Parkway South.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the Fidelity and Deposit Company of Maryland in
the amount of $101,712.70 is released, and a new security in a form approved by the town attorney for a
maintenance guarantee in the amount of $50,856.35 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.