HomeMy Public PortalAbout1995_12_11_R246The Town of
Leesburg,
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PRESENTED December I1, 1995
RESOLUTION NO. 95-246 ADOPTED December il, 1995
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A
PERFORMANCE GUARANTAEE FOR PUBLIC IMPROVEMENTS FOR
RIVER CREEK PARKWAY SOUTH IN POTOMAC STATION
WHEREAS, the construction drawings for River Creek Parkway South have been conditionally
approved; and
WHEREAS, the final plat for River Creek Parkway South is approved; and
WHEREAS, the developer wishes to proceed with installation of the public improvements; and
WHEREAS, the developer proposes to provide a corporate surety bond issued by Fidelity and
Deposit Company in the amount of $1,017,127.00; and
WHEREAS, the Fidelity and Deposit Company meets the town's requirements for a surety and
the amount of the bond is approved by the Director of Engineering and Public Works; and
WHEREAS, a contract to construct a portion of the work shown on the approved construction
drawings was authorized on November 14, 1995 by Resolution #95-231.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The Manager shall execute the contract for public improvements with Goose Creek
Communities LLC and River Creek LLC for the improvements shown on the plans approved by the
Director of Engineering and Public Works for River Creek Parkway South in Potomac Station.
SECTION II. The corporate surety bond issued by Fidelity and Deposit Company in the amount
of $1,017,127.00 is approved to guarantee the installation of public improvements for River Creek
Parkway South in Potomac Station.
SECTION III. The contract authorized by Resolution #95-231 adopted on November 14, 1995
shall be cancelled when the new contract approved in Section I is in effect.
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A
PERFORMANCE GUARANTEE FOR PUBLIC IMPROVEMENTS FOR
RIVER CREEK PARKWAY SOUTH IN POTOMAC STATION
SECTION IV. The corporate surety bond issued by Fidelity and Deposit Company in the
amount of $470,072.00 for the River Creek Parkway South Early Grading and Structure Plans Phase II
authorized by Resolution #95-231 adopted November 14, 1995, shall be released when the bond
approved in Section II is in effect.
PASSED this llth day of December , 1995.
Clerk of Council
· Clem, Mayor
Leesburg
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