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HomeMy Public PortalAbout1997_01_14_R009The Town of Leesburg, rgm a RESOLUTION NO. A RESOLUTION: PRESENTED January 14, 1997 97-9 ADOPTED January 14, 1997 AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR WOODLEA MANOR SECTION 3 January , 1997· · Clem, Mayor of Leesburg R:woodlea3.tex ATTEST: Clerk of Council PASSED this 14th day of WHEREAS, Winchester Homes, the developer of Woodlea Manor Section 3, 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 $827,121.00 from the Safeco Insurance Company was provided by the developer to guarantee the installation of public improvements for Woodlea Manor Section 3; and WHEREAS, the Director of Engineering and Public Works has approved the amount of $827,121.00 to guarantee installation of the remaining public improvements for Woodlea Manor Section 3. 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 Woodlea Manor Section 3. SECTION II. The corporate surety bond from the Safeco Insurance Company in the amount of $827,121.00 is approved to guarantee the installation of public improvements for Woodlea Manor Section 3.