HomeMy Public PortalAbout2007_05_08_r078
The Town of
Leesburg,
Virginia
PRESENTED: May 8. 2007
ADOPTED: May 8. 2007
RESOLUTION NO. 2007-78
A RESOLUTION:
ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE, AND APPROVING A MAINTENANCE
GUARANTEE FOR ROSEBROOK SUBDIVISION
WHEREAS, Centex Homes, the developer of Rosebrook Subdivision 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 Rosebrook Subdivision.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from The Continental Insurance Company in the
amount of $538,069 is released, and a new security in a form approved by the Town Attorney for a
maintenance guarantee in the amount of $29,903.45 from The Continental 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 8th day of May 2007.
C. mstattd, Mayor
T own of Leesburg
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J(),
. lerk of Council
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