HomeMy Public PortalAbout1999_11_09_r338The Town of
Leesburg,
Virginia
PRESENTED November 9, 1999
RESOLUTION NO. 99-338 ADOPTED November 9, 1999
A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR COMPLETION OF
PUBLIC IMPROVEMENTS AND MAKING A REDUCTION OF THE
PERFORMANCE GUARANTEE FOR PUBLIC IMPROVEMENTS
INSTALLED IN GREENWAY FARM PHASE 3 SECTION 9
WHEREAS, Beazer Homes (formerly Trafalgar House), the developer of Greenway
Farm Phase 3 Section 9, 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 $661,420.50 from the American
Home Assurance Company was provided by the developer to guarantee the installation of public
improvements in Greenway Farm Phase 3 Section 9; and
WHEREAS, the town's Director of Engineering and Public Works has reviewed the
public improvements installed to date in Greenway Farm Phase 3 Section 9 and certified that the
value 'of work performed is $595,278.45.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The corporate surety bond from the American Home Assurance Company
in the amount of $661,420.50 is reduced to $66,142.05 and is approved to guarantee the
installation of public improvements in Greenway Farm Phase 3 Section 9.
A RESOLUTION:
-2-
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF
PUBLIC IMPROVEMENTS AND MAKING A REDUCTION OF THE
PERFORMANCE GUARANTEE FOR PUBLIC IMPROVEMENTS
INSTALLED IN GREENWAY FARM PHASE 3 SECTION 9
SECTION II. A six (6) month time extension to March 10, 2000 for completion of the
public improvements is approved.
PASSED this 9th day of November, 1999.
ATTEST:
Clerk of Council
,Mines E. Clem, Mayor
Town of Leesburg
R:Grnway3Sec9