HomeMy Public PortalAbout2013_06_11_R071 Perf Guarantees for Dulles Chrysler Dodge Jeep Ram The Town of
Leesburg,
Virginia
PRESENTED: June 11, 2013
RESOLUTION NO. 2013-071 ADOPTED: June 11, 2013
A RESOLUTION: ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINTENANCE
GUARANTEE FOR DULLES CHRYSLER DODGE JEEP RAM
(TLPF-2010-0011)
WHEREAS, Dulles Motor Cars, Inc.,the developer of Dulles Chrysler Dodge Jeep Ram 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 Chrysler Dodge Jeep Ram.
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$287,000 from M&T Bank is
released and acceptance of a letter of credit from M&T Bank for a maintenance guarantee in the
amount of$14,350 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 11th day of June, 2013.
' .n C. mstattd, Mayor
Town of Leesburg
AT ST)
1 ;','2 --
Clerk of o
P:\Resolutions\2013\0611 Dulles Chrysler Dodge Jeep Ram-Rel PB Acpt MB.doc