HomeMy Public PortalAbout1999_04_13_r106 The Town of
Leesburg,
, Virginia
PRESENTED April 13, 1999
RESOLUTION NO. 99-106 ADOPTED April 13, 1999
A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR POTOMAC CROSSING SECTION 2A
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:
SECTON 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 October 14, 1999 for completion of the public
improvements is approved.
PASSED this 13th day of April, 1999.
Clerk of Council
Jam/es E. Clem, Mayor
Town of Leesburg.
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