HomeMy Public PortalAbout1999_02_09_r027The Town of
Leesburg,
Virginia
RESOLUTION NO. 9 9- 27
A RESOLUTION:
PRESENTED February 9, 1999
ADOPTED February 9, 1999
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
POTOMAC STATION SECTION 2CD
WHEREAS, Goose Creek Communities, L.L.C., the developer of Potomac Station Section 2CD, 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 $29,856.64 from Frontier Insurance Company
was provided by the developer to guarantee the installation of public improvements in Potomac Station
Section 2CD.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from Frontier Insurance Company in the amount of
$29,856.64 is approved to guarantee the installation of public improvements in Potomac Station Section 2CD.
SECTION II. A one (1) year time extension to February 1, 2000 for completion of the public
improvements is approved.
PASSED this 9t___~h day of February, 1999.
Clerk of Council
Jajffes E. Clem, Mayor
Tbwn of Leesburg
R:potst2CD