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HomeMy Public PortalAbout2000_08_08_r158 The Town of eesburg, 5irginia RESOLUTION NO. A RESOLUTION: PRESENTED August 8, 2000 2000-158 ADOPTED August 8, 2000 AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR WOODLEA MANOR PHASE I/BRADFIELD DRIVE CONNECTION WHEREAS, Winchester Homes, Inc., the developer of Woodlea Manor Phase I/Bradfield Drive Connection 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 time extension to complete the public improvements; and WHEREAS, the Bradfield Drive Connection is not to be opened until 95% of the homes in Woodlea Manor have been issued occupancy permits and the current percentage is 86%; and WHEREAS, a corporate surety bond in the amount of $62,000.00 from the Safeco Insurance Company of America was provided by the developer to guarantee the installation of public improvements in Woodlea Manor Phase I/Bradfield Drive Connection; and WHEREAS, the town's Director of Engineering and Public Works recommends a time extension to May 10, 2001 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 Safeco Insurance Company of America in the amount of $62,000.00 is approved to guarantee the installation of public improvements in Woodlea Manor Phase I/Bradfield Drive Connection. SECTION II. A time extension to May 10, 2001 for completion of the public improvements is approved. PASSED this__8th day of August 2000. (erk of Council B. j.~We'Lay or~~ Town of Leesburg R:BradfieldConnection