HomeMy Public PortalAbout1996_07_23_R164 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 23, 1996
96-164 ADOPTED July 23, 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR GREENWAY FARM SECTION 4B
Farm Section 4B.
PASSED this 23rd
Clerk of Council
day of July
, 1996.
Ja es~E~.Clem, Mayor ~
T6wn of Leesburg
R:grnwy4B.res
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 4B.
SECTION II. The corporate surety bond from American Home Assurance Company in the
amount of $i31,000.00 is approved to guarantee the installation of public improvements for Greenway
4B.
WHEREAS, Trafalgar House Residential, the developer of Greenway Farm Section 4B, 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, a corporate surety bond in the amount of $131,000.00 from American Home
Assurance Company was provided by the developer to guarantee the installation of public improvements
for Greenway Farm Section 4B; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$131,000.00 to guarantee installation of the remaining public improvements for Greenway Farm Section