HomeMy Public PortalAbout1996_11_26_R249 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
and town standards
WHEREAS,
improvements; and
96-249
PRESENTED November 26: 1996
ADOPTED November 26, 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
KINCAID FOREST SECTION 6B
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, the Homeowners Association provided the town with recommendations for approval of
the requested time extension with the condition that the bike trail along the east side of Kincaid Boulevard in
Sections 6A and 6B be completed by June l, 1997; and
WHEREAS, a corporate surety bond in the amount of $661,097.03 from the American Motorists
Insurance Company was provided by the developer to guarantee the installation of public improvements for
Kincaid Forest Section 6B; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of $661,097.03
to guarantee installation of the remaining public improvements for Kincaid Forest Section 6B.
THEREFORE, RESOLVED by the Cot~ncil 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 $661,097.03 is approved to guarantee the installation of public improvements in Kincaid Forest
Section 6B.
WHEREAS, First Potomac Development Company, the developer of the Kincaid Forest Section 6B,
has not completed all the required public improvements in accordance with the approved construction drawings
within the two year period agreed to in the contract for public improvements; and
the developer has requested a one year time extension to complete the public
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RESOLUTION: AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS FOR KINCAID FOREST SECTION 6B
SECTION II. A time extension of one (1) year for the completion of the public improvements for
Kincaid Forest Section 6B is approved with the condition that the bike trail along the east side of Kincaid
Boulevard in Sections 6A and 6B be completed by June 1, 1997.
SECTION III. Failure by the developer to meet any of the deadlines established in the conditions of
Section II will constitute a default under the contract. The developer may request additional time extensions
if the improvements are not completed due to factors beyond the developer's control.
PASSED this 26th day of November , 1996.
JalXies E. Clem, Mayor
Town of Leesburg
R:kincd6B. res