HomeMy Public PortalAbout1996_01_16_R008The Town of
Leesburg,
rglnla
RESOLUTION NO. 96-8
A RESOLUTION:
PRESENTED January 16, 1996
ADOPTED January 16~ 1996
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR GREENWAY FARM SECTION lA
Clerk of Council
16th day of January , 1996.
James E. Clem, Mayor
Town of Leesburg
R:grnwylA. res
Farm Section lA.
SECTION II.
is approved.
PASSED this
A time extension to January 22, 1997 tbr completion of the public improvements
WHEREAS, Trafalgar House Property, Inc., thc developer of Greenway Farm Section iA, 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 #95-3; 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 $52,400.00 from the American Home
Assurance Company was provided by the developer to guarantee the installation of public improvements
in Greenway Farm Section IA.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond t¥om the American Home Assurance Company in thc
amount of $52,400.00 is approved to guarantee the installation of public improvements in Greenway