HomeMy Public PortalAbout1996_07_09_R156The Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED July 9, 1996
96- 156 ADOPTED July 9, 1996
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR LINDEN HILL PHASE II
, 1996.
fi_-,- ~t. James E. Clem, Mayor
Town of Leesburg
R:lindII90.res
is approved.
PASSED this
9th day of July
WHEREAS, Linhab Development Company, the developer of Linden Hill Phase II, 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
previously approved time extensions adopted by Town Council on January 10, 1995 by Resolution #95-7
and on February 13, 1996 by Resolution #96-21; and
WHEREAS, the developer has requested a ninety (90) day time extension to complete the public
improvements; and
WHEREAS, a corporate surety bond in the amount of $58,985.71 from the Fidelity and Deposit
Company of Maryland was provided by the developer to guarantee the installation of public
improvements in Linden Hill Phase II; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$58,985.71 to guarantee installation of the remaining public improvements for Linden Hill Phase II.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the Fidelity and Deposit Company of Maryland
in the amount of $58,985.71 is approved to guarantee the installation of public improvements in Linden
Hill Phase II.
SECTION II. A time extension to October 10, 1996 for completion of the public improvements