HomeMy Public PortalAbout2002_10_08_r166 Perf Guar Potomac Station Drive and Battlefield ParkwayThe Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
2002-166
AUTHORIZING
PERFORMANCE
PRESENTED October 8, 2002
ADOPTED October 8, 2002
AN AGREEMENT AND APPROVING A
GUARANTEE AND WATER AND SEWER
EXTENSION PERMITS FOR POTOMAC STATION DRIVE &
BATTLEFIELD PARKWAY PHASE I PUBLIC IMPROVEMENTS
WHEREAS, Potomac Station Retail, L.L.C., the developer of Potomac Station Drive &
Battlefield Parkway Phase I Public Improvements, has requested approval of a corporate surety
bond from the Hartford Fire Insurance Company in the amount of $1,955,200.00 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 a performance guarantee for
Potomac Station Drive & Battlefield Parkway Phase I Public Improvements.
THEREFORE, 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 Drive & Battlefield ParkwaY Phase I Public Improvements.
SECTION II. The extension of municipal water and sewer for Potomac Station Drive &
Battlefield Parkway Phase I Public Improvements is approved in accordance with Section 15-9
and 19-18 of the Town Code.
A RESOLUTION:
-2-
AUTHORIZING AN AGREEMENT AND APPROVING A
PERFORMANCE GUARANTEE AND WATER AND SEWER
EXTENSION PERMITS FOR POTOMAC STATION DRIVE &
BATTLEFIELD PARKWAY PHASE I PUBLIC IMPROVEMENTS
SECTION 11I. The corporate surety bond in a form approved by the town attorney from
the Hartford Fire Insurance Company in the amount of $1,955,200.00 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 Drive & Battlefield Parkway Phase I Public
Improvements.
PASSED this 8th day of October 2002.
yerk of Council
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Town of Leesburg
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