HomeMy Public PortalAbout1997_07_08_R169The Town of
Leesburg,
rgmm
RESOLUTION NO.
A RESOLUTION:
97-169
PRESENTED July 8, 1997
ADOPTED July 8, 1997
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR GREENWAY FARM SECTION 5
July , 1997.
Jail. s E. Clem, Mayor
e~l'own of Leesburg
R:gm5tex
A .T~ST:
Clerk of Council
public improvements is approved.
PASSED this 8th day of
WHEREAS, Trafalgar House, the developer of Greenway Farm Section 5, 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 $198,498.02 from the American Home
Assurance Company was provided by the developer to guarantee the installation of public improvements in
Greenway Farm Section 5.
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 $198,498.02 is approved to guarantee the installation of public improvements in Greenway
Farm Section 5.
SECTION II. A time extension of six (6) months to December 30, 1997 for completion of the