HomeMy Public PortalAbout1995_12_12_R249The Town of
Leesburg,
rg nm
RESOLUTION NO.
A RESOLUTION:
PRESENTED December 12, 1995
95-249 ADOPTED December 12, 1995
AUTHORIZING AN AGREEMENT AND APPROVING A
PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION
PERMITS FOR KINCAID FOREST SECTION 9D
WHEREAS, Council Resolution #95-119, adopted June 13, 1995, authorized an agreement for
installation of public improvements and approved water and sewer extension permits for Kincaid Forest
Section 9D; and
WHEREAS, the developer, First Potomac Development Company, did not provide a
performance guarantee for the public improvements; and
WHEREAS, the final subdivision plat for the Kincaid Forest Section 9D cannot be recorded until
the public improvements are completed and accepted by the Town Council or a performance guarantee
acceptable to the Town Council is provided; and
WHEREAS, the estimated cost to install the public improvements shown on the approved
construction drawings for the Kincaid Forest Section 9D is $208,242.87; and
WHEREAS, the developer proposes to provide a corporate surety bond from the American
Motorists Insurance Company in the amount of $208,242.87 to guarantee the installation of the public
improvements shown on the plans approved by the Director of Engineering and Public Works for Kincaid
Forest Section 9D.
RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The Manager shall execute a new contract for installation of public improvements
for the improvements shown on the plans approved by the Director of Engineering and Public Works
for the Kincaid Forest Section 9D.
SECTION II. The extension of municipal water and sewer for Kincaid Forest Section 9D is
approved in accordance with Section 15-9 and 19-18 of the Town Code.
RESOLUTION:
-2-
AUTHORIZING AN AGREEMENT AND APPROVING A
PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION
PERMITS FOR KINCAID FOREST SECTION 9D
SECTION III. The corporate surety bond in a form approved by the Town Attorney from the
American Motorists Insurance Company in the amount of $208,242.87 is approved a security to guarantee
installation of the public improvements shown on plans approved by the Director of Engineering and
Public Works for Kincaid Forest Section 9D.
SECTION IV. The contract for installation of public improvements authorized by Resolution
#95-119 will be cancelled after the new contract and performance guarantee approved by Section I and
II above are executed and in effect.
PASSED this !2th day of
AX~FTE§T: ,
Clerk of Council
December , 1995.
em, Mayor
Leesburg
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