HomeMy Public PortalAbout2001_11_14_r180The Town of
l ,eesburg,
PRESENTED November 14, 2001
RESOLUTION NO. 2001'180 ADOPTED November 14, 2001
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
POTOMAC CROSSING SECTION 2E
WHEREAS, Arcadia Building Company, the developer of Potomac Crossing Section 2E has
requested the approval of a corporate surety bond from The Lumbermens Mutual Insurance Company in
the amount of $204,744.00 to guarantee the public improvements in Potomac Crossing Section 2E; 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 2E.
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 2E.
SECTION II. The extension of municipal water and sewer for Potomac Crossing Section 2E 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 $204,744.00 is approved as security to
aPproved by the Director of
guarantee installation of the public improvements shown on plans
Engineering and Public Works for Potomac Crossing Section 2E.
PASSED this 14th day of November 2001.
ATT ST:
~rT~-'- o~ncil~j'
B.J..Wel~, Mayor
Town of Leesburg
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