HomeMy Public PortalAbout2004_07_13_r121The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
2006-121
AUTHORIZING A TIME EXTENSION
IMPROVEMENTS AND APPROVING A
FOR STOWERS PHASE 1, SECTION 2
PRESENTED July 13, 2004
ADOPTED July 13, 2004
FOR COMPLETION OF PUBLIC
PERFORMANCE GUARANTEE
1, Section 2.
SECTION H.
approved.
PASSED this 13~ day of July 2004.
erk of Council
A time extension to May 30, 2005 for completion of the public improvements is
Kn~s~ii'C. Um~td, Mayo;
Town of Leesburg
R04:Stower~Phsl Sec2 TimeExt
WHEREAS, a corporate surety bond from the American Home Assurance Company in the amount
of $211,508.00 was 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 May 30, 2005.
THEREFORE, RESOLVED by the Council ofthe Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bond from the American Home Assurance Company in the
amount of $211,508.00 is approved to guarantee the installation of public improvements at Stowers Phase
WHEREAS, Richmond American Homes, the developer of Stowers Phase 1, Section 2, 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 improvement; and
WHEREAS, the developer has requested a time extension to complete the public improvements;