HomeMy Public PortalAbout1997_07_08_R168The Town of
Leesburg,
rgm a
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 8, 1997
97-168 ADOPTED July 8, 1997
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR GREENWAY FARM SECTION 4B
Clerk of Council
JasRfs E. Clem, Mayor
.J~6wn of Leesburg
R:grn4Atex
improvements is approved.
PASSED this 8th
day of Jul y ,1997.
WHEREAS, Trafalgar House, the developer of Greenway Farm Section 4B, 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 previously
approved time extension; 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 $131,000.00 from the American Home
Assurance Company was provided by the developer to guarantee the installation of public improvements in
Greenway Farm Section 4B.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the American Home Assurance Company in the
amount of $131,000.00 is approved to guarantee the installation of public improvements in Greenway
Farm Section 4B.
SECTION II. A time extension of six (6) months to February 1, 1998 for completion of the public