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HomeMy Public PortalAbout2012_01_10_R003 Public Improvements for Dulles Greenway-Battlefield Pkwy InterchangeThe Town of Leesburg, Virginia PRESENTED: January 10, 2012 RESOLUTION NO. 2012 -003 ADOPTED: January 10, 2012 A RESOLUTION: ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE GUARANTEE FOR DULLES GREENWAY- BATTLEFIELD PARKWAY INTERCHANGE — TLPF- 2005 -0015 WHEREAS, Shirley Contracting Company, Inc., the developer of Dulles Greenway - Battlefield Parkway Interchange 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 Public Works recommends accepting the public improvements and approving a maintenance guarantee for Dulles Greenway - Battlefield Parkway Interchange. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The Corporate Surety Bond in the current amount of $263,200 from Federal Insurance Company; Fidelity and Deposit Company of Maryland is released, and acceptance of a Corporate Surety Bond from Federal Insurance Company; Fidelity and Deposit Company of Maryland for a maintenance guarantee in the amount of $131,600 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 January, 2012. -��� • Sri AT S 0� Clerk of Coun PAResolutions\2012 \0110 Dulles Greenway Battlfld Pkwy Interchg -Rel PB Acpt MB.doc