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HomeMy Public PortalAbout2000_10_17_r198The Town of l eesburg, rg ma RESOLUTION NO. A RESOLUTION: 2000-198 PRESENTED October 17, 2000 ADOPTED October 17, 2000 AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR RIVER CREEK PHASE III, SECTION 4 (LANDBAY F) & RIVER CREEK PHASE V, SECTION 2 (LANDBAY M) WHEREAS, River Creek, L.L.C., the developer of River Creek Phase III, Section 4 (Landbay F) & River Creek Phase V, Section 2 (Landbay M) has requested approval of corporate surety bonds from the Fidelity and Deposit Company of Maryland in the amount of $54,379.00 and $75,831.80 to guarantee the public improvements in River Creek Phase III, Section 4 (Landbay F) & River Creek Phase V, Section 2 (Landbay M) WHEREAS, the Director of Engineering and Public Works recommends approval of a contract for installation of public improvements and acceptance of performance guarantees for River Creek Phase III, Section 4 (Landbay F) & River Creek Phase V, Section 2 (Landbay M). THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The manager shall execute the contracts for public improvements for the improvements shown on the plans approved by the Director of Engineering and Public Works for River Creek Phase III, Section 4 (Landbay F) & River Creek Phase V, Section 2 (Landbay M). SECTION II. The extension of municipal water and sewer for River Creek Phase III, Section 4 (Landbay F) & River Creek Phase V, Section 2 (Landbay M) is approved in accordance with Sections 15-9 and 19-18 of the Town Code. A RESOLUTION: -2- AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR RIVER CREEK PHASE III, SECTION 4 (LANDBAY F) & RIVER CREEK PHASE V, SECTION 2 (LANDBAY M) SECTION III. The corporate surety bonds in a form approved by the town attomey from the Fidelity and Deposit Company of Maryland in the amount of $54,379.00 and $75,831.80 are approved as security to guarantee installation of the public improvements shown on plans approved by the Director of Engineering and Public Works for River Creek Phase III, Section 4 (Landbay F) & River Creek Phase V, Section 2 (Landbay M). PASSED this 17th day of October, 2000. ATTEST: ~jl/erk of Council B.J. Webb, Mayor Town of Leesburg R:\Oct 17RvrCrkphase3&5