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HomeMy Public PortalAbout1998_04_14_R096 The Town of Leesburg, Virginia RESOLUTION NO. A RESOLUTION: 98-96 AUTHORIZING A TIME IMPROVEMENTS AND APPROVING FOR WOODLEA MANOR PHASE 4 PRESENTED April 14, 1998 ADOPTED April 14, 1998 EXTENSION FOR COMPLETION OF PUBLIC A PERFORMANCE GUARANTEE WHEREAS, Winchester Homes, Inc., the developer of Woodlea Manor Phase 4, 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 public improvements; and WHEREAS, a corporate surety bond from the Safeco Insurance Company in the amount of $1,372,032.75 is approved to guarantee the installation of public improvements in Woodlea Manor Phase THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The corporate surety bond from the Safeco Insurance Company in the amount of $1,372,032.75 is approved to guarantee the installation of public improvements in Woodlea Manor Phase SECTION II. improvements is approved. PASSED this 14th day of April, 1998. A six (6) month time extension to October 18, 1998 for completion of the public ATTEST: Clerk of Council JMes E. Clem, Mayor Town of Leesburg R:woodlea4