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HomeMy Public PortalAbout1986_11_12_R250ggsl~urg PRESENTED November 12~ 1986 RESOLUTION NO. 86-250 ADOPTED Novemberl2, 1986 A RESOLUTION: AUTHORIZING AN AGREEMENT, APPROVING A PERFORMANCE ~JARANTEE FOR INSTALLATION OF PUBLIC IMPROVEMENTS AND APPROVING WATER AND SEWER EXTENSIONS FOR THE LINDEN HILL PLANNED DMVELOPMENT WHEREAS, the Town Council has approved the final development iplan for the Linden Hill Planned Development; and WHEREAS, the Director of Engineering has found that the construction value of public improvements in this development is $143,000 and t'he construction value of the Linden Hill Way is $16,000; and WHEREAS, Section 13-91(A)(2) of the Subdivision and Land Development Regulations require bonding of all improvements listed in Sec. 15.1-466(f) of the Code of Virginia which authorizes the Town to require bonding for "site related improvements required by local ordinances for vehicular ingress and egress, [and] for public access streets;" and WHEREAS, Linden Hill Way will be located within an easement for public access and the construction of this road is required by Zoning Map Amendment #ZM-60: THEREFORE, RESOLVED by the Council of the Town of the Town of Leesburg in Virginia as follows: SECTION I. The manager is authorized to execute on behalf of the Town an agreement (Form PC-2) with Linden Hill Development Corporation of Leesburg, Virginia, for installation of public improvements shown on the plans approved by the Director of Engineering for Linden Hill Planned Development. SECTION II. The extension of municipal water and sewer works for the Linden Hill Planned Development is approved in accordance with Section 15-9 and 15-18 of the Town Code. BONDING FOR LINDEN HILL 2 SECTION III. An irrevocable bank letter of credit in a form approved by the town attorney from First American Bank of Virginia in the amount of $159,000 is approved as security to guarantee installation of the pu~blic improvements shown on plans approved by the Director of Engineering for the Linden Hill Planned Development. PASSED this 12th day of November , 1986. Charles J. Wii~ams, Vice-~{ayor Town of Leesburg ATTEST: Clerk of C~n6il