HomeMy Public PortalAbout1996_11_26_R248 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED November 26, 1996
96-248 ADOPTED November 26, 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
KINCAID FOREST SECTION 1
WHEREAS, First Potomac Development Company, the developer of the Kincaid Forest Section 1,
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 extension; and
WHEREAS, the developer has requested a one year time extension to complete the public
improvements; and
WHEREAS, the developer, members of the Kincaid Forest Homeowners Association and town staff
have met and reviewed concerns of the homeowners; and
WHEREAS, the developer has completed several items which the Homeowners Association had
requested; and
WHEREAS, a corporate surety bond in the amount of $247,424.38 from the American Motorists
Insurance Company was provided by the developer to guarantee the installation of public improvements for
Kincaid Forest Section 1; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of $247,424.38
to guarantee installation of the remaining public improvements for Kincaid Forest Section 1.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the American Motorists Insurance Company in the
· amount of $247.424.38 is approved to guarantee the installation of public improvements in Kincaid Forest
Section 1.
RESOLUTION:
-2-
AUTHORIZING A TIME EXTENSION FOR INSTALLATION
IMPROVEMENTS FOR KINCAID FOREST SECTION 1
OF PUBLIC
SECTION II.
hereby approved for Kincaid Forest Section 1.
PASSED this 26th day of November
Clerk of Council
A time extension of one (1) year for the completion of the public improvements is
, 1996.
J~es E. Clem, Mayor
Town of Leesburg
R:kincd 1. res