HomeMy Public PortalAbout2006_04_11_r062
The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
2006-62
PRESENTED: April 1 L 2006
ADOPTED: April 11. 2006
ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT NORTHLAKE SECTION
3
WHEREAS, Northlake Homes, Inc., the developer of Northlake Section 3 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 Northlake Section 3.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The letter of credit from the Mercantile-Safe Deposit and Trust Company in the
amount of $48,153.00 is released, and a new security in a form approved by the Town Attorney for a
maintenance guarantee in the amount of $10,067.64 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 11th day of April 2006.
at~..['-, C~~
~Mayor ~J
Town of Leesburg
ATTEST:
1:..r/aJ. RJ akd
erk of CouncIl
R06:Northlake 7 PertRel