HomeMy Public PortalAbout1996_02_13_R032 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED February 13, 1996
96-32 ADOPTED February 137 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR STONEGATE CHANNEL IMPROVEMENTS
day of
February , 1996·
· Clem, Mayor
Leesburg
R:stnchan.res
A~TES'I=7~
Clerk of Council
Channel Improvements·
PASSED this 13th
WHEREAS, Trafalgar House Residential, the developer of Stonegate Channel Improvements,
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 $24,816.00 from American Home
Assurance Company was provided by the developer to guarantee the installation of public improvements
for Stonegate Channel Improvements; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$24,816.00 to guarantee installation of the remaining public improvements for Stonegate Channel
Improvements.
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 Stonegate Channel Improvements.
SECTION II. The corporate surety bond from American Home Assurance Company in the
amount of $24,816.00 is approved to guarantee the installation of public improvements for Stonegate