HomeMy Public PortalAbout1998_01_27_R024The Town of
Leesburg,
rgm a
PRESENTED
January_ 27, 1998
RESOLIYrlON NO. 9 8-2 4
ADOPTED January 27, 1998
A RESOLUTION:
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR GREENWAY FARM SECTION 5
WHEREAS, Trafalgar House, the developer of the 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
v~rI-IEREAS, 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
the 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 the Greenway
Farm Section 5.
SECTION II.
improvements is approved.
PASSED this 27t~ day of January 27, 1998.
A six (6) month time extension to June 30, 1998 for completion of the public
Clerk of Council
oS Clem, Mayor
E.
of Leesburg
R:grnwy5