HomeMy Public PortalAbout2005_01_11_r001 Perf Guar Leesburg Plaza Shopping CenterThe Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED January 11, 2005
2005-1 ADOPTED January_ 11, 2005
AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
LEESBURG PLAZA SHOPPING CENTER
PASSED this 11~ day of January 2005.
ATTEST:
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WHEREAS, Federal Realty Investment Trust, the developer of Leesburg Pla?~ Shopping Center,
has requested approval of a corporate surety bond from the Travelers Casualty and Surety Company of
America in the amount of $108,334.00 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 Leesburg Plaza
Shopping Center.
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 Lcesburg
Plaza Shopping Center.
SECTION II. The extension of municipal water and sewer for Leesburg Plaza Shopping Center
is approved in accordance with Sections 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 $108,334.00 is approved as security
to guarantee installation of the public improvements shown on plans approved by the Director of
Engineering and Public Works for Leesburg Pla?a Shopping Center.