HomeMy Public PortalAbout2016_10_11_R131 Public Improvements for Leesburg Toyota TLPF 2011-0009 The Town of
Leesburg,
Virginia
PRESENTED: October 11, 2016
RESOLUTION NO. 2016-131 ADOPTED: October 11, 2016
A RESOLUTION: ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE AND APPROVING A
MAINTENANCE GUARANTEE FOR LEESBURG TOYOTA (TLPF-
2011-0009)
WHEREAS, Leesburg Motors, LLC, the developer of Leesburg Toyota 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 Leesburg Toyota.
THEREFORE RESOLVED, by the Council of the Town of Leesburg in Virginia that:
SECTION 1. The corporate surety bond in the current amount of$1,060,000 from Liberty
Mutual Insurance Company is released and acceptance of a corporate surety bond from Liberty
Mutual Insurance Company for a maintenance guarantee in the amount of$53,000 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 11th day of October, 2016.
061/1/1}4647(4.
David S. Butler, Mayor
Town of Leesburg
•.TT;L T•
Clerk of Co ci
P:\Resolutions\2016\1011 Leesburg Toyota-Rel PB Acpt MB.docx