HomeMy Public PortalAbout1997_01_28_R019 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
97-19
PRESENTED January 28, 1997
ADOPTED January 28, 1997
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
POTOMAC CROSSING SECTION 2A
ATTEST:
Clerk of Council
January , 1997.
es E. Clem, Mayor
Town of Leesburg
R:potcr2A.res
Section 2A.
PASSED this 28th
day of
WHEREAS, Arcadia Building Company, the developer of the Potomac Crossing Section 2A, 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 $100,527.20 from the American Insurance
Company was provided by the developer to guarantee the installation of public improvements for the Potomac
Crossing Section 2A; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of $100,527.20
to guarantee installation of the remaining public improvements for the Potomac Crossing Section 2A.
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 the Potomac Crossing Section 2A.
SECTION II. A corporate surety bond from the American Insurance Company in the amount of
$100,527.20 is approved to guarantee the installation of public improvements for the Potomac Crossing