HomeMy Public PortalAbout1995_01_10_R005 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED January 10, 1995
95-5 ADOPTED January 10, 1995
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR GREENWAY FARM SECTION 3
Farm Section 3.
PASSED this 10th
day of January
Clerk of Council
, 1995
~J~mes E. Clem, Mayor
Town of Leesburg
R:grnway3.res
WHEREAS, Trafalgar House, the developer of Greenway Farm Section 3, has not completed
all the required public improvements in accordance with the approved construction drawings and tbwn
standards within the two 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 in the amount of $185,600.00 from The American Home
Assurance Company was provided by the developer to guarantee the installation of public improvements
for Greenway Farm Section 3; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$185,600.00 to guarantee installation of the remaining public improvements for Greenway Farm Section
3.
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 installation of public improvements is
hereby approved for Greenway Farm Section 3.
SECTION II. The corporate surety bond from The American Home Assurance Company in the
amount of $185,600.00 is approved to guarantee the installation of public improvements for Greenway