HomeMy Public PortalAbout2000_11_14_r230The Town of
Leesburg,
lrg nla
RESOLUTION NO.
A RESOLUTION:
PRESENTED November 28, 2000
2000-230 ADOPTED November 28, 2000
AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
POTOMAC CROSSING SECTION 7
WHEREAS, Arcadia Building Company, the developer of Potomac Crossing Section 7 has
requested the approval of a corporate surety bond from The Lumbermens Mutual Insurance Company in
the amount of $314,943.59 to guarantee the public improvements in Potomac Crossing Section 7; 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 Potomac Crossing
Section 7.
RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The town manager shall execute the contract for public improvements for the
improvements shown on the plans approved by the Director of Engineering and Public Works for
Potomac Crossing Section 7.
SECTION II. The extension of municipal water and sewer for Potomac Crossing Section 7 is
approved in accordance with Section 15-9 and 19-18 of the Town Code.
SECTION III. The corporate surety bond in a form approved by the town attorney from The
Lumbermens Mutual Insurance Company in the amount of $314,943.59 is approved as security to
guarantee installation of the public improvements shown on plans approved by the Director of
Engineering and Public Works for Potomac Crossing Section 7.
PASSED this 28th day of November 2000.
ATTEST:
of Council
Town of Leesburg
R:PotomacCrossingSec7