HomeMy Public PortalAbout1996_01_16_R007 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED January 16, 1996
96-7 ADOPTED January 16, 1996
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTSAND APPROVING A PERFORMANCE GUARANTEE
FOR GREENWAY FARM SECTION 1
Clerk of Council
A time extension to January 7, 1997 for completion of the public improvements
16th day of
January , 1996.
~--t,t~_ James E. Clem, Mayor
Town of Lcesburg
R:grnwyl.rcs
Farm Section 1.
SECTION II.
is approved.
PASSED this
WHEREAS, Trafalgar House Property, Inc., thc developer of Greenway Farm Section 1, 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
previously approved time extension adopted by Town Council on January 10, 1995 by Resolution//95-2;
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 $218,100.00 from the American Home
Assurance Company was provided by the developer to guarantee the installation of public improvements
in Greenway Farm Section 1.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from thc American Home Assurance Company in the
amount of $218,100.00 is approved to guarantee thc installation of public improvements in Greenway