HomeMy Public PortalAbout2000_02_23_r046 The Town of
eesburg,
'-.irginia
RESOLUTION NO.
A RESOLUTION:
2000-46
PRESENTED February 23, 2000
ADOPTED February 23, 2000
AUTHORIZING AN AGREEMENT AND APPROVING A
PERFORMANCE GUARANTEE FOR DRY MILL TOWNHOUSE
SUBDIVISION PHASE 2A AND PHASE 2B
WHEREAS, Council Resolution//99-273 and #99-274, adopted on September 14, 1999,
authorized an agreement for installation of public improvements and approved water and sewer
extension permits for Dry Mill Townhouse Subdivision Phase 2A and Phase 2B; and
WHEREAS, the developer, KL Olde Town LLC, did not provide a performance
guarantee for the public improvements; and
WHEREAS, the final subdivision plat for Dry Mill Townhouse Subdivision Phase 2A
and Phase 2B cannot be recorded until the public improvements are completed and accepted by
the Town Council or a performance guarantee acceptable to the Town Council is provided; and
WHEREAS, the estimated cost to install the public improvements shown on the approved
construction drawings for Dry Mill Townhouse Subdivision Phase 2A is $137,958.76 and for
Phase 2B is $64,737.75; and
WHEREAS, the developer proposes to provide corporate surety bonds from Amwest
Surety Insurance Company in the amount of $137,958.76 for Phase 2A and $67,737.75 for Phase
2B; and
WHEREAS, the Director of Engineering and Public Works recommends approval of a
contract for installation of public improvements and acceptance of a performance guarantee for
Dry Mill Townhouse Subdivision Phase 2A and Phase 2B.
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A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A
PERFORMANCE GUARANTEE FOR DRY MILL TOWNHOUSE
SUBDIVISION PHASE 2A AND PHASE 2B
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The Town Manager shall execute a new contract for installation of public
improvements for the improvements shown on the plans approved by the Director of
Engineering and Public Works for Dry Mill Townhouse Subdivision Phase 2A and Phase 2B.
SECTION II. The corporate surety bonds in a form approved by the Town Attorney from
Amwest Surety Insurance Company in the amount of $137,958.76 for Phase 2A and $64,737.75
for Phase 2B are approved as security to guarantee installation of the public improvements
shown on plans approved by the Director of Engineering and Public Works for Dry Mill
Townhouse Subdivision Phase 2A and Phase 2B.
SECTION III. The contracts for installation of public improvements authorized by
Resolutions #99-273 and #99-274 will be cancelled after the new contracts and performance
guarantees approved in Sections I and II above are executed and in effect.
PASSED this 23rd day of February 2000.
ATTEST:
Clerk of (2ouncil,~
Jafnes E. Clem, Mayor
Town of Leesburg
R:DryMilI2A&2B