HomeMy Public PortalAbout1998_10_27_R238The Town of
Leesburg,
rg nla
RESOLUTION NO.
A RESOLUTION:
PRESENTED October 27, 1998
98- 238 ADOPTED October 27, 1998
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR GREENWAY FARM MEADE DRIVE & RT. 15 IMPROVEMENTS
Clerk of Council
Jgt~es E. Clem, Mayor
Town of Leesburg
R:grwymead
WHEREAS, Trafalgar House Residential, the developer of Greenway Farm Meade Drive & Rt.
15 Improvements, 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 $827,202.31 from American Home
Assurance Company was provided by the developer to guarantee the installation of public improvements
for Greenway Farm Meade Drive and Rt. 15 Improvements.
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 $827,202.31 was provided by the developer to guarantee the installation of public
improvements for Greenway Farm Meade Drive and Rt. 15 Improvements.
SECTION II. A time extension to September 10, 1999 for completion of the public
improvements is approved.
PASSED this 27th day of October, 1998.