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HomeMy Public PortalAbout2001_09_25_r149The Town of 1 .eesburg, trglnla RESOLUTION NO. A RESOLUTION: PRESENTED September 25, 2001 2001-149 'ADOPTED September 25, 2001 AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR POTOMAC STATION SECTION 8H WHEREAS, Goose Creek Communities, L.L.C., and Engle Homes Virginia, Inc., the developer of Potomac Station Section 8H has requested the approval of a corporate surety bond from the Travelers Casualty and Surety Company of America in the amount of $740,696.00 to guarantee the public improvements at Potomac Station Section 8H; 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 Section 8H. 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 Station Section 8H. SECTION II. The extension of municipal water and sewer for Potomac Station Section 8H is approved in accordance with Section 15-9 and 19-18 of the Town C~de. SECTION III. The corporate surety bond in a form approved by the town attorney from the Travelers Casualty and Surety Company of America the amount of $740,696.00 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 Section 8H. PASSED this 25th day of September 2001. CEST: lerk of Council B.J~.W/c/bb, Mayor Tow~of Leesburg R:PotSta8H