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HomeMy Public PortalAbout2006_03_14_r043 The Town of Leesburg, Virginia RESOLUTION NO. PRESENTED March 14.2006 2006-43 ADOPTED March 14.2006 A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR LANSDOWNE ON THE POTOMAC SECTIONS 44 WHEREAS, West Goose Creek, LLC, the developer of Lansdowne on the Potomac Section 44 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 WHEREAS, the developer has requested a time extension to complete the public improvements; and WHEREAS, a corporate surety bond from the St. Paul Fire and Marine Insurance Company in the amount of $21,960.00 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 March 26, 2007. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The corporate surety bond from the St. Paul Fire and Marine Insurance Company in the amount of $21,960.00 is approved to guarantee the installation of public improvements m Lansdowne on the Potomac Section 44. SECTION II. A time extension to March 26, 2007 for completion of the public improvements is approved. PASSED this 14th day of March 2006. ~~c, . . U ttd, Mayor 1 Town of Lees burg uJ.a~ R06:Lansdowne44 TimeExt