HomeMy Public PortalAbout1996_06_11_R110 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED June 11, 1996
96-110 ADOPTED June 11: 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR KINCAID FOREST PHASE I, SECTION 6A
Forest Phase I, Section 6A.
PASSED this llth
A/~EST:
Clerk of Council
day of June
., 1996.
/J4mes E. Clem, Mayor
'Town of Leesburg
R:Kincd6A.res
WHEREAS, First Potomac Development Company, the developer of Kincaid Forest Phase I,
Section 6A, 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 contact for public
improvements; 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 $155,853.56 from the American Motorist
Insurance Company was provided by the developer to guarantee the installation of public improvements
for Kincaid Forest Phase I, Section 6A; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$155,853.56 to guarantee installation of the remaining public improvements for Kincaid Forest Phase I,
Section 6A.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. A time extension of one (1) year for the installation of public improvements is
hereby approved for Kincaid Forest Phase I, Section 6A.
SECTION II. The corporate surety bond from the American Motorists Insurance Company in
the amount of $155,853.56 is approved to guarantee the installation of public improvements for Kincaid