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HomeMy Public PortalAbout2001_08_14_r140The Town of I eesburg, trg nta RESOLUTION NO. A RESOLUTION: PRESENTED August 14, 2001 2001-160 ADOPTED August 14, 2001 AUTHORIZING AGREEMENTS AND APPROVING PERFORMANCE GUARANTEES AND WATER AND SEWER EXTENSION PERMITS FOR EDWARDS LANDING PHASE 2A & EDWARDS LANDING BATTLEFIELD PARKWAY PHASE II, ROAD IMPROVEMENTS WHEREAS, U.S. Homes Corporation, the developer of Edwards Landing Phase 2A & Edwards Landing Battlefield Parkway Phase II, Road Improvements has requested the approval of corporate surety bonds from The Continental Insurance Company in the amount of $983,361.00 for Edwards Landing Phase 2A and $744,850.00 for Edwards Landing Battlefield Parkway Phase II, Road Improvement to guarantee the public improvements; and WHEREAS, the Director of Engineering and Public Works recommends approval of a contract for installation of public improvements and acceptance of performance guarantees for Edwards Landing Phase 2A & Edwards Landing Battlefield Parkway Phase II, Road Improvements. 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 Edwards Landing Phase 2A & Edwards Landing Battlefield Parkway Phase II, Road Improvements. SECTION II. The extension of municipal water and sewer for Edwards Landing Phase 2A & Edwards Landing Battlefield Parkway Phase II, Road Improvements are approved in accordance with Section 15-9 and 19-18 of the Town Code. -2- A RESOLUTION: AUTHORIZING AGREEMENTS AND APPROVING PERFORMANCE GUARANTEES AND WATER AND SEWER EXTENSION PERMITS FOR EDWARDS LANDING PHASE 2A & EDWARDS LANDING BATTLEFIELD PARKWAY PHASE II, ROAD IMPROVEMENTS SECTION III. The corporate surety bonds in a form approved by the town attorney from The Continental Insurance Company in the amount of $983,361.00 for Edwards Landing Phase 2A and $744,850.00 for Edwards Landing Battlefield Parkway Phase II, Road Improvements are approved as security to guarantee installation of the public improvements shown on plans approved by the Director of Engineering and Public Works for Edwards Landing Phase 2A & Edwards Landing Battlefield Parkway Phase II, Road Improvements. PASSED this 14tn day of August 2001. ATTEST: R:EdLanding2A&RdImp