HomeMy Public PortalAbout2001_02_27_r020
The Town of
l..Jeesburg,
'-Virginia
RESOLUTION NO.
PRESENTED February 27, 2001
2001-20
ADOPTED
February 27, 2001
A RESOLUTION:
AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
POTOMAC STATION APARTMENTS
WHEREAS, Clark Realty Capital, LLC, the developer of the Potomac Station Apartments has
requested approval of a corporate surety bond from the National Union Fire Insurance Company in the
amount of $193,390.00 to guarantee the public improvements in Potomac Station Apartments; 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 Station
Apartments.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION 1. 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 Station Apartments.
SECTION II. The extension of municipal water and sewer for Potomac Station Apartments 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
National Union Fire Insurance Company in the amount of $193,390.00 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 Station Apartments.
PASSED this 27th day of February 2001.
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Town of Leesburg
R:PotSta Apartments