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HomeMy Public PortalAbout2005_03_22_r052The Town of Leesburg, Virginia PRESENTED March 22, 2005 RESOLUTION NO. 2005-52 ADOPTED March 22, 2005 A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR PUBLIC IMPROVEMENTS AT THE POTOMAC CROSSING STORMWATER MANAGEMENT POND AND PUMP STATION WHEREAS, Arcadia Development Company, the developer of the Potomac Crossing Stormwater Management Pond and Pump Station has completed the public improvcmcnts 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 Potomac Crossing Stormwater Management Pond and Pump Station. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The corporate surety bond from The American Insurance Company in the amoum of $43,334.40 is released, and a new security in a form approved by the town attorney for a maimenance guarantee in the mount of $21,667.20 is approved, and shall be in effect for a period of one year from this date. SECTION II. This release is contingent upon delivery of a properly executed instrumem conveying unto the town all such improvements and easements free of any liens or charges. PASSED this 22~ day of March 2005. ATTEST: e;k of Cc~uncil Ki~xe~C. Ums~ttd, Mayor' Town of Leesburg R05:PCSWMP$ PertRel