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HomeMy Public PortalAbout2007_02_20_r023 The Town of Leesburg, Virginia PRESENTED: February 13.2007 RESOLUTION NO. 2007-23 ADOPTED February 20. 2007 A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR POTOMAC CROSSING CHURCH OF LA TTER-DA Y SAINTS WHEREAS, The Church of Jesus Christ of Latter Day $aints, the developer of the Potomac Crossing Church of Latter-Day Saints, has requested approval of a letter of credit from the Zions First National Bank in the amount of$128,302 to guarantee the public improvements; and WHEREAS, the Director of Engineering and Public Works recommends approval of a contract for installation of public improvements and acceptance of a performance guarantee for Potomac Crossing Church of Latter-Day Saints. THEREFORE, RESOLVED by the Council ofthe Town of Leesburg in Virginia as follows: SECTION I. The Town Manager shall execute the contract for public improvements for the improvements shown on the plans approved by the Director of Engineering and Public Works for Potomac Crossing Church of Latter-Day Saints. SECTION II. The extension of municipal water for Potomac Crossing Church of Latter- Day Saints is approved in accordance with Sections 19-18 of the Town Code. SECTION III. The letter of credit in a form approved by the Town Attorney from the Zions First National Bank in the amount of $128,302 is approved as security to guarantee installation of the public improvements shown on plans approved by the Director of Engineering and Public Works for the Potomac Crossing Church of Latter-Day Saints. PASSED this 20th day of February 2007. ATTEST: ~ uJ. a;t.d, lerk of CounCIl R07 :PotCrsChrchLatterDaySaints NewBond