HomeMy Public PortalAbout1994_05_24_R106 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED I. Iay 24. 1994
94-106 ADOPTED May 24, 1994
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR EXETER SUBDIVISION SECTION 9
Section 9.
SECTION II. A time
improvements is approved.
PASSED this 24th
ATTEST:
extension to December 13, 1994 for completion of the public
day of May
,1994.
· Clem, Mayor
Town of Leesburg
R:exeter9.res
WHEREAS, Richmond American Homes, the developer of Exeter Section 9, has not 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 developer has requested a six (6) month time extension to complete the public
improvements; and
WHEREAS, a corporate surety bond in the amount of $313,360.60 from the American Motorists
Insurance Company was provided by the developer to guarantee the installation of public improvements
in Exeter Section 9.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the American Motorists Insurance Company in
the amount of $313,360.60 is approved to guarantee the installation of public improvements in Exeter