HomeMy Public PortalAbout1999_12_14_r364The Town of
Leesburg,
Virginia
PRESENTED December 14, 1999
RESOLUTION NO. 99-366 ADOPTED December 14, 1999
A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR DRY MILL TOWNHOUSE SUBDIVISION
WHEREAS, KL Olde Towne, LLC, the developer of the Dry Mill Townhouse Subdivision, 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, a corporate surety bond in the amount of $85,339.00 from the Amwest Surety
Insurance Company was provided by the developer to guarantee the installation of public improvements
in the Dry Mill Townhouse Subdivision; and
WHEREAS, the Director of Engineering and Public Works recommends a six (6) month time
extension for completion of the public improvements.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the Amwest Surety Insurance Company in the
amount of $85,339.00 is approved to guarantee the installation of public improvements in the Dry Mill
Townhouse Subdivision.
SECTION II.
approved.
PASSED this 14m day of December, 1999.
A time extension to June 4, 2000 for completion of the public improvements is
Clerk of Council
em, Mayor
Town of Leesburg
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