HomeMy Public PortalAbout1997_03_25_R068 The Town of
Leesburg,
Virginia
PRESENTED March 25, 1997
RESOLUTION NO. 97-68 ADOPTED March 25, 1997
A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
GREENWAY FARM REGIONAL S/W MANAGEMENT POND PHASE I
WHEREAS, Winchester Homes, the developer of Greenway Farm Regional S/W Management Pond
Phase I, 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 $695,215.00 from the Safeco Insurance
Company of America was provided by the developer to guarantee the installation of public improvements in
the Greenway Farm Regional S/W Management Pond Phase I.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the Safeco Insurance Company of America in the
amount of $695,215.00 is approved to guarantee the installation of public improvements in the Greenway
Farm Regional S/W Management Pond Phase I.
SECTION II. A time extension to March 23, 1998 for completion of the public improvements is
approved.
PASSED this 25th day of
Clerk of Council
March , 1997·
· Clem, Mayor
Leesburg
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