HomeMy Public PortalAbout2005_03_08_r042The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
2005 -42
PRESENTED: March 8, 2005
ADOPTED: March 8, 2005
ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE
GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR
PUBLIC IMPROVEMENTS AT THE DRY MILL TOWNHOUSE SUBDIVISION
PHASE 2A AND PHASE 2B
WHEREAS, K.L. Olde Towne, L.L.C., the developer of the Dry Mill Townhouse Subdivision Phase
2A and Phase 2B 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 Dry Mill Townhouse Subdivision Phase 2A
and Phase 2B.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bonds from the Lumbermens Mutual Casualty Company in the
amoum of $40,775.00 for Phase 2A; and in the amount of $64,737.75 for Phase 2B are released, and a new
security in a form approved by the town attorney for a maintenance guarantee in the amount of $6,897.94 for
Phase 2A; and in the amount of $3,236.89 for Phase 2B are approved, and shall be in effect for a period of
one year from this date.
SECTION II. TNs release is contingent upon delivery of a properly executed instrument conveying
unto the town all such improvements and easements flee of any liens or charges.
PASSED this 8t~ day of March 2005.
A/~ES, T:
lerk of Council
Town of Le:sn~a~gttd, May°'r ' '/r'~
R05:DryMilI2A2B PerfR¢l