HomeMy Public PortalAbout1996_04_09_R065The Town of
Leesburg,
lrglma
RESOLUTION NO. 96-65
A RESOLUTION:
PRESENTED April 9, 1996
ADOPTED April 9~ 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR PAXTON SECTIONS 3 & 4
ATTEST:
Clerk of Council
, 1996.
J.3thes E. Clem, Mayor
Town of Leesburg
R:pax3&4.res
PASSED this 9th day of April
WHEREAS, Rivermead Homes, the developer of Paxton Sections 3 & 4, 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 one (1) year time extension to complete the public
improvements; and
WHEREAS, nearly all of the homes for this project have been built and the remaining public
improvements are not extensive; and
WHEREAS, a corporate surety bond in the amount of $110,297.00 from the Seaboard Surety
Company was provided by the developer to guarantee the installation of. public improvements for Paxton
Sections 3 & 4; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$110,297.00 to guarantee installation of the remaining public improvements for Paxton Sections 3 & 4.
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 Paxton Sections 3 & 4.
SECTION II. The corporate surety bond from the Seaboard Surety Company in the amount of
$110,297.00 is approved to guarantee the installation of public improvements for Paxton Sections 3 &