HomeMy Public PortalAbout2000_08_08_r156The Town of
eesburg,
irginia
RESOLUTION NO.
PRESENTED August 8, 2000
2000-156
ADOPTED August 8, 2000
A RESOLUTION: AUTHORIZING TIME EXTENSIONS FOR COMPLETION OF PUBLIC IMPROVEMENTS
AND APPROVING PERFORMANCE GUARANTEES FOR POTOMAC STATION
SECTIONS lB, lC, 3C, and 6EFG
WHEREAS, M/I Schottenstein Homes, Inc., the developer of Potomac Station Sections IB, IC, 3C, and 6EFG,
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
WHEREAS, the developer has requested a time extension to complete the public improvements; and
WHEREAS, this subdivision is in Loudoun County and the town's bonded improvements are water and sanitary
sewer only; and
WHEREAS, corporate surety bonds from the Liberty Mutual Insurance Company in the amount of $5,281.10 for
Section lB and $3,621.64 for Section lC and corporate surety bonds from the American Motorist Insurance Company in
the amount of $10,224.94 for Section 3C and $30,069.27 for Section 6EFG were provided by the developer to guarantee
the installation of public improvements in Potomac Station Sections lB, lC, 3C, and 6EFG; and
WHEREAS, the town's Director of Engineering and Public Works recommends time extensions as follows for
completion of the public improvements:
Section lB - November 22, 2000 Section 3C - September 16, 2001
Section 1C - November 22, 2000 Section 6EFG - January 13,2001
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bonds from the Liberty Mutual Insurance Company and the American
Motorists Insurance Company in the amounts listed above are approved to guarantee the installation of public
improvements in Potomac Station Sections lB, IC, 3C, and 6EFG.
SECTION II. The time extensions recommended by the Director of Engineering and Public Works for
completion of the public improvements in Potomac Station Sections lB, lC, 3C, and 6EFG are approved.
PASSED this 8t~ day of August 2000.
(~]rk of Council
Town of Leesburg
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