HomeMy Public PortalAbout2007_04_10_r061
The Town of
Leesburg,
Virginia
RESOLUTION NO. 2007-61
PRESENTED: April 10, 2007
ADOPTED: April 10, 2007
A RESOLUTION:
ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE, AND APPROVING A MAINTENANCE
GUARANTEE FOR EXETER HILLS SECTION 6A
WHEREAS, Scottsbury, L.c., the developer of Exeter Hills Section 6A 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 Exeter Hills Section 6A.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the Hartford Fire Insurance Company in the
amount of $82,939.61 is released, and a new security in a form approved by the Town Attorney for a
maintenance guarantee in the amount of $41,469.81 from the Arch 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 10th day of April 2007.
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l. Jr J . . I .
.. . Ums- ttd, Mayor P
Town of Leesburg
ATTEST:
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