HomeMy Public PortalAbout1998_12_08_R279The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
98-279
AUTHORIZING
IMPROVEMENTS AND APPROVING A
FOR POTOMAC CROSSING SECTION 2B 1
PRESENTED December 8, 1998
ADOPTED December 8, 1998
A TIME EXTENSION FOR COMPLETION OF PUBLIC
PERFORMANCE GUARANTEE
oweSE. Clem,
Mayor
n of Leesburg
R:potcr2B 1
Clerk of Council
improvements is approved.
PASSED this 8th day of December, 1998.
WHEREAS, Arcadia Building Company, the developer of Potomac Crossing Section 2B1, 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 $129,945.00 from The American
Insurance Company was provided by the developer to guarantee the installation of public improvements
in Potomac Crossing Section 2B 1.
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 $129,945.00 is approved to guarantee the installation Of public improvements in Potomac Crossing
Section 2B 1.
SECTION II. A six (6) month time extension to March 17, 1999 for completion of the public