HomeMy Public PortalAbout2014_11_10_R115 Perf Guar and Water Ext Permit for Oaklawn Landbay C Gas Station The Town of
Leesburg,
Virginia
PRESENTED: November 10,2014
RESOLUTION NO. 2014-115 ADOPTED: November 10,2014
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER EXTENSION PERMIT FOR OAKLAWN
LANDBAY C GAS STATION(TLPF-2013-0021)
WHEREAS, Oaklawn Development Partners,LLC,the developer of Oaklawn Landbay C Gas Station
has requested approval of a Letter of Credit from Sandy Spring Bank in the amount of$474,000 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 Oaklawn Landbay C Gas Station.
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 Oaklawn Landbay C
Gas Station
SECTION II. A Letter of Credit from Sandy Spring Bank in the amount of$474,000 is approved as
security to guarantee installation of the public improvements shown on plans to be approved by the Director of
Plan Review for Oaklawn Landbay C Gas Station.
SECTION III. The extension of municipal water for Oaklawn Landbay C Gas Station is approved
in accordance with Section 34-25 of the Town Code.
PASSED this 10th day of November, 2014.
- . msta 'd,Mayor
Town of Leesburg
ATT
„`
Clerk of Counci
P:\Resolutions\2014\11 ' 'erf Guar WS Permits for Oaklawn Landbay C Gas Station.doc