HomeMy Public PortalAbout1996_06_11_R114The Town of
Leesburg,
rg nta
RESOLUTION NO.
A RESOLUTION:
PRESENTED June 11, 1996
96-114 ADOPTED June 11, 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR GREENWAY FARM SECTION 5
Trafalgar House Residential, the developer of Greenway Farm Section 5, has not
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 Greenway Farm Section 5.
SECTION II. The corporate surety bond from American Home Assurance Company in the
amount of $1.98,498.02 is approved to guarantee the installation of public improvements for Greenway
Farm Section 5.
PASSED this
llth day of Juno
, 1996.
~fimes E. Clem, Mayor
Town of Leesburg
R:grnway5.res
WHEREAS,
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, a corporate surety bond in the amount of $198,498.02 from American Home
Assurance Company was provided by the developer to guarantee the installation of public improvements
for Greenway Farm Section 5; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$198,498.02 to guarantee installation of the remaining public improvements for Greenway Farm Section