HomeMy Public PortalAbout1992_10_27_R206The Town of
rg ma
RESOLUTION NO.
A RESOLUTION:
PRESENTED October 27, 1992
92-206 ADOPTED October 27, 1992
AUTHORIZING A TIME EXTENSION FOR INSTAIJ,ATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
EXETER SECTION 12
A~rEST:
Blerl~ of douncil ' (J
R:exel2.res
October ., 1992.
· Clem, Mayor
Town of Leesburg
12.
PASSED this 27th day of
WHE~, Richmond American Homes, the developer of Exeter Section 12, has not completed all
the required public improvements in accordance with the approved construction drawings and town
standards within the two (2) year period agreed to in the contract for public improvements; and
WHEREAS, the developer has requested a one (1) year time extension to complete the public
improvements; and
WHEREAS, a corporate surety bond from American Motorists Insurance Company was provided
by the developer to guarantee the irmt~ll-tion of public improvements in Exeter Section 12; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of $141,775.00
to guarantee inst~ll-tion of the remaining public improvements in Exeter Section 12.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. A time extension of one (1) year for the instsllstion of public improvements is
hereby approved for Exeter Section 12.
SECTION H. The corporate surety bond from American Motorists Insurance Company in the
amount of $141,775.00 is approved to guarantee the inst~llstion of public improvements in Exeter Section