HomeMy Public PortalAbout1994_06_14_R117The Town of
Leesburg,
.rgm a
RESOLUTION NO.
A RESOLUTION:
94-117
PRESENTED June 14: 1994
ADOPTED June 14, 1994
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
MANORS OF LEESBURG SECTION 1
WHEREAS, Rivermead Homes, Incorporated, the developer of Manors of Leesburg Section 1, 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 time extension to complete the public improvements; and
WHEREAS, a corporate surety bond in the amount of $215,540.00 from the Seaboard Surety
Company was provided by the developer to guarantee the installation of public improvements in Manors of
Leesburg Section 1.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the Seaboard Surety Company in the amount of
$215,540.00 is approved to guarantee the installation of public improvements in Manors of Leesburg Section
SECTION II.
approved.
PASSED this
~lerk of ~ouficil o
A time extension to January 9, 1995 for completion of the public improvements is
14th day of June
,1994.
J . Clem, Mayor
Town of Leesburg
Rlmanorsl.res