HomeMy Public PortalAbout2003_09_23_r128The Town of
Leesburg,
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PRESENTED September 23, 2003
RESOLUTION NO. 2 0 0 3-1 2 8 ADOPTED September 23, 2003
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
STOWERS PHASE 2, SECTION 3
WHEREAS, Richmond American Homes, the developer of Stowers Phase 2, Section 3, has
requested approval of a corporate surety bond from the American Home Assurance Company in the
mount of $1,876,001.00 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 accepmce of a performance guarantee for Stowers Phase 2,
Section 3.
THEREFORE, RESOLVED by the COuncil of the Town of Leesburg in Virginia as follows:
SECTION I. The town manager shall exeente the eontm~ for public improvements for the
improvements shown on the plans approved by the Director of Engineering and Public Works for Stowers
Phase 2, Section 3.
SECTION II. The extension of municipal water and sewer for Stowers Phase 2, Section 3 is
approved in accordance with Section 15-9 and 19-18 ofthe Town Code.
SECTION IH. The corporate surety bond in a form approved by the town attorney from the
American Home Assurance Company in the mount of $1,876,001.00 is approved as security to guarantee
installation of the public improvements shown on plans approved by the Director of Engineering and Public
Works for Stowers Phase 2, Section 3.
PASSED this 23~ day of September 2003.
'kof Council
Town of Leesburg
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