HomeMy Public PortalAbout2007_01_23_r011
The Town of
Leesburg,
Virginia
PRESENTED: January 23. 2007
RESOLUTION NO. 2007-11
ADOPTED: January 23. 2007
A RESOLUTION:
ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE, AND APPROVING A MAINTENANCE
GUARANTEE FOR POTOMAC STATION SECTION 8B
WHEREAS, The Drees Company, the developer of the Potomac Station 8B 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 Station Section 8B.
THEREFORE, RESOLVED by the Council of the Town of Lees burg in Virginia as follows:
SECTION I. The corporate surety bond from the Liberty Mutual Insurance Company in the
amount of $92,920 is released, and a new security in a form approved by the Town Attorney for a
maintenance guarantee in the amount of $16,803.10 from the Liberty Mutual Insurance Company is
approved, and shall be in effect for a period of one year from this date.
SECTION 11. 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 23rd day of January 2007.
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Kristen C. U ttd, Mayor
Town of Leesburg
ATTEST:
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ledof Council
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