HomeMy Public PortalAbout1999_11_09_r340The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED November 9, 1999
99-360 ADOPTED November 9, 1999
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF
PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE
GUARANTEE FOR BEAUREGARD ESTATES PHASE 2 & 3
WHEREAS, Beauregard, L.L.C., the developer of Beauregard Estates Phase 2 & 3, 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 extensions; and
WHEREAS, the developer has requested a one (1) year time extension to complete the
public improvements; and
WHEREAS, the Beauregard Estates Homeowners Association recommends approval of a
one (1) year time extension; and
WHEREAS, a corporate surety bond in the amount of $172,600.00 from the International
Fidelity Insurance Company was provided by the developer to guarantee the installation of
public improvements in Beauregard Estates Phase 2 & 3; and
WHEREAS, the Director of Engineering and Public Works recommends a one (1) year
time extension for completion of public imProvements Beauregard Estates Phase 2 & 3.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The corporate surety bond from the International Fidelity Insurance
Company in the amount of $172,600.00 is approved to guarantee the installation of public
improvements in Beauregard Estates Phase 2 & 3.
A RESOLUTION:
-2-
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF
PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE
GUARANTEE FOR BEAUREGARD ESTATES PHASE 2 & 3
SECTION II. A time extension to August 24, 2000
improvements is approved.
PASSED this 9xI4 day of November, 1999.
Clerk of Council
for completion of the public
Jam~s E. Clem, Mayor
Town of Leesburg
R:beauestates2&3