HomeMy Public PortalAbout1996_11_26_R253The Town o~
Leesburg,
rg ma
PRESENTED November 26 ~ 1996
RESOLUTION NO. 96-253 ADOPTED November 26, 1996
A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
KINCAID FOREST STORMWATER MANAGEMENT POND
WHEREAS, First Potomac Development Company, the developer of Kincaid Forest Stormwater
Management Pond, 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 $32,700.14 from the American Motorists
Insurance Company was provided by the developer to guarantee the installation of public improvements for
the Kincaid Forest Stormwater Management Pond; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of $32,700.14
to guarantee installation of the remaining public improvements for the Kincaid Forest Stormwater Management
Pond.
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 $32,700.14 is approved to guarantee the installation of public improvements in the Kincaid Forest
Stormwater Management Pond.
RESOLUTION:
-2-
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS FOR KINCAID FOREST STORMWATER MANAGEMENT
POND
SECTION II. A time extension of one (1) year for the completion of the public improvements is
hereby approved for Kincaid Forest Stormwater Management Pond.
PASSED this 26th day of November , 1996.
ATTEST:
Clerk of Council
J),fnes E. Clem, Mayor
/Town of Leesburg
R:kincdswp. res