HomeMy Public PortalAbout2002_12_10_r192 Public Improvements for Stratford, Landbay EThe Town of
l eesburg,
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PRESENTED December 10, 2002
RESOLUTION NO. 2 0 0 2- 'l 9 2 ADOPTED December 10, 2002
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
STRATFORD LANDBAY E
WHEREAS, Archstone Communities, the developer of Stratford Landbay E, has requested
approval of a corporate surety bond from the Travelers Casualty and Surety Company of America in the
amount of $207,753.15 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 Stratford Landbay
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
Stratford Landbay E.
SECTION II. The extension of municipal water and sewer for Stratford Landbay E 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
Travelers Casualty and Surety Company of America in the amount of $207,753.15 is approved as
security to guarantee installation of the public improvements shown on plans approved by the. Director of
Engineering and Public Works for Stratford Landbay E.
PASSED this 10t~ day of December 2002.
ATTEST:
~;tl~erk of Council
~ C. Uh~stattd, M~
Town of Leesburg
R02:StratfordLBE