HomeMy Public PortalAbout2005_01_11_r002 Perf Guar Potomac Station 1B and 1CThe Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
2005-2
PRESENTED January_ 11, 2005
ADOPTED January 11, 2005
AUTHORIZING TIME EXTENSIONS FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING PERFORMANCE GUARANTEES
FOR POTOMAC STATION SECTIONS lB AND lC
WHEREAS, M/I Schottenstein Homes, Inc., the developer of Potomac Station Sections lB
and lC 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 improvements and previously approved time extensions; and
WHEREAS, the developer has requested a time extension to complete the public
improvements; and
WHEREAS, this subdivision is in Loudoun County and the town's bonded improvements are
water and sanitary sewer only; and
WHEREAS, corporate surety bonds from the Liberty Mutual Insurance Company in the
amount of $5,281.10 for Section lB; and in the amount of $3,621.64 for Section lC, were 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 22, 2004 for Potomac Station Sections lB and lC.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety bonds from the Liberty Mutual Insurance Company in the
amounts of $5,281.10 and $3,621.64 are approved to guarantee the installation of public
improvements in Potomac Station Sections lB and lC.
-2-
A RESOLUTION:
AUTHORIZING TIME EXTENSIONS FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING PERFORMANCE GUARANTEES
FOR POTOMAC STATION SECTIONS lB AND lC
SECTION II. A time extension to May 22, 2005 for completion of the public improvements in
Potomac Station S~-tions lB and lC is approved.
PASSED this 11t~ day of January 2005.
ATTEST:
C?-of Council-
Town of Leesburg
R05:PotSta I B 1CTimeExt