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HomeMy Public PortalAbout1994_12_13_R258 The Town of Leesburg, Virginia RESOLUTION NO. A RESOLUTION: 94-258 AUTHORIZING AN PERFORMANCE PRESENTED December 13, 1994 ADOPTED December 13, 1994 AGREEMENT AND APPROVING A GUARANTEE FOR POTOMAC CROSSING/BATTLEFIELD PARKWAY WHEREAS, the construction drawings for a half-section of Battlefield Parkway between Smartt's Lane and Cattail Branch in Potomac Crossing have been conditionally approved by the Department of Engineering and Public Works; and WHEREAS, this section of Battlefield Parkway will provide direct public road access to the Balls Bluff Elementary School site which is currently under construction; and WHEREAS, the Balls Bluff Elementary School is planned to be ready to open in September 1995; and WHEREAS, Resolution 94-98 adopted on May 10, 1994 resolved that the completion and opening of the Potomac Crossing Elementary School (now called Balls Bluff Elementary) for the 1995-96 school year is urgently needed and was assigned as a top priority for the Town of Leesburg; and WHEREAS, Arcadia Development Company, the developer of Potomac Crossing, plans to construct the half-section of Battlefield Parkway between Smartt's Lane and Cattail Branch such that the storm drainage pipe will be installed by March 1995 and the road will be base paved by June 1995. RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The Manager shall execute the contract for public improvements for the improvements shown on the plans approved by the Director of Engineering and Public Works for Potomac Crossing/Battlefield Parkway. SECTION II. A corporate surety bond in a form approved by the town attorney from the American Insurance Company in the amount of $565,456.00 is approved as security to guarantee RESOLUTION: -2- AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE FOR POTOMAC CROSSING/BATTLEFIELD PARKWAY installation of the public improvements shown on plans approved by the Director of Engineering and Public Works for Potomac Crossing/Battlefield Parkway. PASSED this 13th day of ATTEST: Clerk of CounCil December , 1994 · Clem, Mayor f Leesburg R:potcrsbp.res