HomeMy Public PortalAbout2016_09_27_R125 Accepting Public Improvements Oaklawn Landbay C Gas Station TLPF 2013-0021 The Town of
Leesburg,
Virginia
PRESENTED: September 27, 2016
RESOLUTION NO. 2016-125 ADOPTED: September 27, 2016
A RESOLUTION: ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A MAINENANCE
GUARANTEE FOR OAKLAWN LANDBAY C—GAS STATION (TLPF-
2013-0021)
WHEREAS, Oaklawn Development Partners, LLC,the developer of Oaklawn Landbay C—
Gas Station 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 and Capital Projects recommends accepting the
public improvements and approving the maintenance guarantee for Oaklawn Landbay C — Gas
Station.
THEREFORE RESOLVED, by the Council of the Town of Leesburg in Virginia that:
SECTION 1. The letter of credit in the current amount of$474,000 from Sandy Spring Bank
is released and acceptance of a cash bond from Sandy Spring Bank for a maintenance guarantee in
the amount of$23,700 is approved and shall be in effect for the 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 27th day of September,2016.
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David S. Butler, Mayor
Town of Leesburg
AlTE` :
Clerk of_C�il
P:\Resolutions\2016\0927 Public Improvements at Oaklawn Landbay C Gas Station TLPF 2013-0021.docx