HomeMy Public PortalAbout1994_12_13_R260 The Town o/
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED December 13. 1994
94-260 ADOPTED December 13~ 1994
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR MANORS OF LEESBURG SECTION 2
13th day of
ATTEST:
Clerk of Council
December , 1994.
.~mes E. Clem, Mayor
' Town of Leesburg
R'manors2.res
SECTION II.
approved.
PASSED this
A time extension to July 9, 1995 for completion of the public improvements is
WHEREAS, Rivermead Homes, Inc., the developer of Manors of Leesburg Section 2, 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, corporate surety bond in the amount of $116,528.15 from The Seaboard Surety
Company was provided by the developer to guarantee the installation of public improvements in Manors
Section 2.
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 $116,528.15 is approved to guarantee the installation of public improvements in Manors Section 2.