HomeMy Public PortalAbout1999_02_09_r025The Town
Leesburg,
._Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED February 9, 1999
99- 25 ADOPTED February 9, 1999
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
POTOMAC STATION SECTION lB
WHEREAS, M/I Schottenstein Homes, Inc., the developer of Potomac Station Section lB, 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 $52,811.00 from Liberty Mutual Insurance
Company was provided by the developer to guarantee the installation of public improvements in Potomac
Station Section 1B.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from Liberty Mutual Insurance Company in the amount of
$52,811.00 is approved to guarantee the installation of public improvements in Potomac Station Section 1B.
SECTION II. A one (1) year time extension to November 22, 1999 for completion of the public
improvements is approved.
PASSED this 9th day of February, 1999.
J . Clem, Mayor
Town of Leesburg
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