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HomeMy Public PortalAbout2001_09_25_r153The Town of .eesburg, rg ma PRESENTED September 25, 2001 RESOLUTION NO. 2001-153 ADOPTED September 25, 2001 A RESOLUTION: AUTHORIZING TIME EXTENSIONS FOR COMPLETION OF PUBLIC IMPROVEMENTS AND APPROVING PERFORMANCE GUARANTEES FOR NORTHLAKE SECTION 1; NORTHLAKE SECTION 4; NORTHLAKE LAKE; AND NORTHLAKE ROAD IMPROVEMENTS WHEREAS, Brookfield Washington, Inc. (formerly Coscan Washington, Inc.), the developer of Northlake Section 1; Northlake Section 4; Northlake Lake; and the Northlake Road Improvements has not completed all the required public improvements in accordance with the approved construction drawings and town standards within the two-year period agreed to in the contract for public improvements; and WHEREAS, the developer has requested a time extension to complete the public improvements; and WHEREAS, this subdivision is in Loudoun County and the town's bonded improvements are water and sanitary sewer only; and WHEREAS, corporate surety bonds in the amount of $15,753.83 for Section 1; $17,912.55 for Section 4; $9,679.57 for Northlake Lake, from The American Home Assurance Company, and a cash bond in the amount of $5,364.62 for Northlake Road Improvements were provided by the developer to guarantee the installation of public improvements; and WHEREAS, the town's Director of Engineering and Public Works recommends a time extension to August 2, 2002 for Northlake Section 1; August 18, 2002 for Northlake Section 4; August 2, 2002 for Northlake Lake; and July 14, 2002 for Northlake Road Improvements; and THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: A RESOLUTION: -2- AUTHORIZING TIME EXTENSIONS FOR COMPLETION OF PUBLIC IMPROVEMENTS AND APPROVING PERFORMANCE GUARANTEES FOR NORTHLAKE SECTION 1; NORTHLAKE SECTION 4; NORTHLAKE LAKE; AND NORTHLAKE ROAD IMPROVEMENTS SECTION I. The corporate surety bonds from The American Home Assurance Company in the amounts listed above are approved to guarantee the installation of public improvements in Northlake Section 1; Northlake Section 4; Northlake Lake; and Northlake Road Improvements. SECTION Il. The time extensions to August 2, 2002 for Northlake Section 1; August 18, 2002 for Northlake Section 4; August 2, 2002 for Northlake Lake; and July 14, 2002 for Northlake Road Improvements for completion of the public improvements are approved. PASSED this 25th day of September 2001. erk of Council B.J.~We~ ,~~ayor~)~ Town of Leesburg R:NorthlakeExtensions