HomeMy Public PortalAbout1990_08_08_R200RESOLUTION NO. 90-200 ADOPTED August 8, 1990
A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR THE INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
POTOMAC CROSSING SECTION 1H
WHEREAS, Richmond American, the developer of Potomac Crossing Section 1H has substantially
completed all the required public improvements in accordance with the approved construction drawings
and town standards within the two-year period agreed to in the contract for public improvements; and
WHEREAS, the public improvements in Section 1H of Potomac Crossing cannot be accepted by
the town until the public improvements in Section lC of Potomac Crossing are completed and
accepted; and
WHEREAS, the corporate surety bond from Reliance Insurance Company, which guarantees the
inst~llAtion of public improvements in Potomac Crossing Section IH, in the amount of $54,000.00
expired on September 1, 1990; and
WHEREAS, a new corporate surety bond from Reliance Insurance Company in the amount of
$54,000.00 has been provided by the developer to guarantee inst~llstion of the renmink~ public
improvements for Potomac Crossing Section iH; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of $54,000.00
to guarantee inst~llstion of the renmining public improvements of Potomac Crossing Section IH.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
The corporate surety bond from Reliance Insurance Company in the amount of $54,000.00 in a
form approved by the Town Attorney and a time extension to October 1, 1990 for the ins~llAtion of
public improvements in Potomac Crossing Section 1H are hereby approved.
PASSED this 8th day of
A.T'~ ST: ~ ..~
Clerk of Co,~cil
Robert E. Sevila, Mayor
Town of Leesburg