HomeMy Public PortalAbout1996_02_13_R030Th, e Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED February 13, 1996
96-30 ADOPTED February 13, 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR GREENWAY FARM SECTION 3
AT~EST:..~. .
Clerk of Council
Farm Section 3.
PASSED this 13th day of
February , 1996.
jmes E. Clem, Mayor
Town of Leesburg
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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 Greenway Farm Section 3.
SECTION II. The corporate surety bond from American Home Assurance Company in the
amount of $185,600.00 is approved to guarantee the installation of public improvements for Greenway
o
WHEREAS, Trafalgar House Residential, the developer of Greenway Farm Section 3, 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 $185,600.00 from American Home
Assurance Company was provided by the developer to guarantee the installation of public improvements
for Greenway Farm Section 3; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$185,600.00 to guarantee installation of the remaining public improvements for Greenway Farm Section