HomeMy Public PortalAbout1997_04_22_R088 The Town o~
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED April 22: 1997
97-88 ADOPTED April 22, 1997
AUTHORIZING A TIME EXTENSIONS FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR TAVISTOCK FARMS SECTIONS 1, 3, 4, & ?
amounts;
Tavistock Farms Section 1 -
Tavistock Farms Section 3 -
Tavistock Farms Section 4 -
Tavistock Farms Section 7 -
$180,000.00
$ 40,426.00
$122,400.00
$400,000.00
were provided by the developer to guarantee the installation of public improvements in Tavistock Farms
Section 1, 3, 4, and 7.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bonds from The American Insurance Company in the amounts
listed above are approved to guarantee the installation of public improvements in Tavistock Farms Section
1, 3, 4, and 7.
SECTION II. Ninety (90) day time extensions to July 22, 1997 for completion of the public
improvements are approved for Tavistock Farms Sections 1, 3, 4, and 7.
PASSED this 22nd day of April ,1997.
Clerk of Council
R:tav 1347
lem, Mayor
eesburg
WHEREAS, Arcadia Building Company, the developer of Tavistock Farms Section 1, 3, 4, and 7,
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 ninety (90) day time extension to complete the
remaining public improvements; and
WHEREAS, corporate surety bonds from The American Insurance Company in the following