HomeMy Public PortalAbout2012_03_27_R039 Auth Perf Guar for Star Building Addition (TLPF 2011-0008)The Town of
Leesburg,
Virginia
PRESENTED: March 27, 2012
RESOLUTION NO. 2012 -039 ADOPTED: March 27, 2012
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND A WATER EXTENSION PERMIT FOR STAR
BUILDING ADDITION (TLPF- 2011 -0008)
WHEREAS, Star Buick GMC, the developer of Star Building Addition has requested approval
of a letter of credit from Middleburg Bank in the amount of $231,000 to guarantee the public
improvements; and
WHEREAS, the Director of Public Works recommends approval of a contract for installation
of public improvements and acceptance of a performance guarantee for Star Building Addition.
THEREFORE, RESOLVED by the Council of the 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 to be approved by the Director of Plan Review for Star Building
Addition.
SECTION II. A letter of credit from Middleburg Bank in the amount of $231,000 is approved
as security to guarantee installation of the public improvements shown on plans to be approved by the
Director of Plan Review for Star Building Addition.
SECTION III. The extension of municipal water for Star Building Addition is approved in
accordance with Section 34 -25 of the Town Code.
PASSED this 27`h day of March, 2012.
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Clerk of Cou c
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Town of Leesburg