HomeMy Public PortalAbout1995_06_27_R143The Town of
Leesburg,
rg ma
RESOLUTION NO.
A RESOLUTION:
PRESENTED June 27~ 1995
95-143 ADOPTED June 27, 1995
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR KINCAID FOREST PHASE 1, SECTION 2
day of June
, 1995.
es E. Clem, Mayor
wn of Leesburg
R:kincd2.res
ATSi~EST: ~
Forest Phase 1, Section 2.
PASSED this 27th
WHEREAS, First Potomac Development Company, 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 $167,355.34 from the American Motorist
Insurance Company was provided by the developer to guarantee the installation of public improvements
for Kincaid Forest Phase 1, Section 2; and
WHEREAS, the Director of Engineering and Public Works has approved the $167,355.34 to
guarantee installation of the remaining public improvements for Kincaid Forest Phase 1, Section 2.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. A time extension of six (6) months for the installation of public improvements is
hereby approved for Kincaid Forest Phase 1, Section 2.
SECTION II. The corporate surety bond from the American Motorist Insurance Company in
the amount of $167,355.34 is approved to guarantee the installation of public improvements for Kincaid