HomeMy Public PortalAbout1997_04_22_R089 The Town of
Leesburg,
Virginia
RESOLUTION NO. 97-89
A RESOLUTION:
PRESENTED
April 22, 1997
ADOPTED April 22, 1997
AUTHORIZING A TIME EXTENSIONS FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
TAVISTOCK FARMS SECTIONS 5, 6, 9, 10, 11, 12, 13, 14, 18, 19, 20, & 21
PASSED this 22nd day of April
Clerk of Council
, 1997.
lem, Mayor
eesburg
R: tav5-21
were provided by the developer to guarantee the installation of public improvements in Tavistock Farms Section 5,
6,9, 10, 11, 12, 13, 14, 18, 19, 20 and21.
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 5, 6, 9, 10, 11,
12, 13, 14, 18, 19, 20 and21.
SECTION II. One (1) year time extensions to April 22, 1998 for completion of the public improvements
are approved for Tavistock Farms Sections 5, 6, 9, 10, 11, 12, 13, 14, 18, 19, 20 and 21.
$117 498.00
$200 556.00
$ 38 580.00
$725 403.00
$882 694.OO
$163 800.00
$230 879.00
$356 004.00
Tavistock Farms Section 5 -
Tavistock Farms Section 6 -
Tavistock Farms Section 9 -
Tavistock Farms Section 10 -
Tavistock Farms Section 11 & 12 -
Tavistock Farms Section 13, 19, 20, 21
Tavistock Farms Section 14 -
Tavistock Farms Section 18 -
WHEREAS, Arcadia Building Company, the developer of Tavistock Farms Section 5, 6, 9, 10, 11, 12, 13,
14, 18, 19, 20 and 21, 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 remaining public
improvements; and
WHEREAS, corporate surety bonds from The American Insurance Company in the following amounts;