HomeMy Public PortalAbout2006_11_28_r199
The Town of
Leesburg,
Virginia
PRESENTED: November 28. 2006
RESOLUTION NO. 2006-199
ADOPTED: November 28. 2006
A RESOLUTION:
ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND A APPROVING MAINTENANCE
GUARANTEE FOR PUBLIC IMPROVEMENTS AT POTOMAC CROSSING
SECTION 6
WHEREAS, Arcadia Development Company, the developer of the Potomac Crossing Section 6
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 Potomac Crossing Section 6.
THEREFORE, RESOLVED by the Council ofthe Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the Lumbermens Mutual Casualty Company in
the amount of $86,174.82 is released, and a new security in a form approved by the Town Attorney for a
maintenance guarantee in the amount of $43,087.41 from The Liberty Mutual Insurance Company 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 28th day of November 2006.
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. . Urn attd, Mayor
Town of Leesburg
ATTEST:
~~ IlL tf/,f",LZ
erk of CouncIl
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