HomeMy Public PortalAbout1996_06_11_R112 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED June 11, 1996
96-112 ADOPTED Juno ] ]: ] qc)6
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR KINCAID FOREST PHASE I, SECTION 9B
Forest Phase I, Section 9B.
PASSED this 11 th
Clerk of Council
day of June
., 1996.
· Clem, Mayor
Leesburg
R:Kincd9B.res
WHEREAS, First Potomac Development Company, the developer of Kincaid Forest Phase I,
Section 9B, 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 $58,414.79 from the American Motorist
Insurance Company was provided by the developer to guarantee the installation of public improvements
for Kincaid Forest Phase I, Section 9B; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$58,414.79 to guarantee installation of the remaining public improvements for Kincaid Forest Phase I,
Section 9B.
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 9B.
SECTION II. The corporate surety bond from the American Motorists Insurance Company in
the amount of $58,414.79 is approved to guarantee the installation of public improvements for Kincaid