HomeMy Public PortalAbout1998_12_08_R278The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
98-?78
AUTHORIZING
IMPROVEMENTS AND APPROVING A
FOR POTOMAC CROSSING SECTION 2A
PRESENTED December 8, 1998
ADOPTED December 8, 1998
A TIME EXTENSION FOR COMPLETION OF PUBLIC
PERFORMANCE GUARANTEE
Clerk of Council
~em, Mayor
Town of Leesburg
R:potcrs2A
improvements is approved.
PASSED this 8th day of December, 1998.
WHEREAS, Arcadia Building Company, the developer of Potomac Crossing Section 2A, 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 $100,527.20 from The American
Insurance Company was provided by the developer to guarantee the installation of public improvements
in Potomac Crossing Section 2A.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from The American Insurance Company in the amount
of $100,527.20 is approved to guarantee the installation of public improvements in Potomac Crossing
Section 2A.
SECTION II. A six (6) month time extension to April 14, 1999 for completion of the public