HomeMy Public PortalAbout1998_10_27_R237 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED October 27, 1998
98-237 ADOPTED October 27, 1998
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR GREENWAY FARM PHASE 3, SECTION 9
improvements for Greenway Farm Phase 3, Section 9.
SECTION II. A time extension to September 10,
improvements is approved.
PASSED this 27th day of October, 1998.
EST:
Clerk of Council
1999 for completion of the public
J~fmes E. Clem, Mayor
Town of Leesburg
R:grnwy39
WHEREAS, Trafalgar House Residential, the developer of Greenway Farm Phase 3, Section 9,
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 in the amount of $661,420.50 from American Home
Assurance Company was provided by the developer to guarantee the installation of public improvements
for Greenway Farm Phase 3, Section 9.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from American Home Assurance Company in the
amount of $661,420.50 was provided by the developer to guarantee the installation of public