HomeMy Public PortalAbout1996_10_08_R205 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
all the
PRESENTED October 8, 1996
96-205 ADOPTED October g, 1996
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
LINDEN HILL PHASE II
WHEREAS, Linhab Development Company, the developer of Linden Hill Phase II, has not completed
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 on February
13, 1996 by Resolution//96-21 and on July 9, 1996 by Resolution//96-165; and
WHEREAS, Owens and Dove, Inc. is a party to the contract for installation of public improvements
and is also listed as a principal in the corporate surety bond from Fidelity and Deposit Company of Maryland;
and
WHEREAS, Owens and Dove, Inc. has agreed to finish the project in order to avoid a claim against
the performance guarantee; and
WHEREAS, Owens and Dove, Inc. has requested a time extension to November 12, 1996 in order
to prepare a comprehensive plan including pricing and scheduling to complete the unfinished work items; 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.
A RESOLUTION:
-2-
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
LINDEN HILL PHASE II
SECTION II.
is approved.
PASSED this
A time extension to November 12, 1996 for completion of the public improvements
8th day of October , 1996.
ATTEST:
Clerk of Council
· Clem, Mayor
Leesburg