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HomeMy Public PortalAbout2006_06_13_r101 The Town of Leesburg, Virginia PRESENTED: June 13. 2006 RESOLUTION NO. 2006-101 ADOPTED: June 13. 2006 A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE GUARANTEES AND APPROVING MAINTENANCE GUARANTEES FOR PUBLIC IMPROVEMENTS AT EDWARDS LANDING SECTIONS 1 AND 3; PHASES 2A, 2B, AND 4; BATTLEFIELD PARKWAY PHASE II ROAD IMPROVEMENTS; EDWARDS FERRY ROAD IMPROVEMENTS; RECREATION CENTER; AND WOODS EDGE DRIVE WHEREAS, Edwards Landing, LLC (Lennar Virginia), the developer of the Edwards Landing Subdivision bas completed the public improvements in accordance with approved plans and Town standards and these have been inspected and approved; and WHEREAS, the Director of Engineering and Public Works recommends accepting the public improvements and approving maintenance guarantees for Edwards Landing Sections 1 and 3; Phases 2A, 2B, and 4; Battlefield Parkway Phase II Road Improvements; Edwards Ferry Road Improvements; Recreation Center; and Woods Edge Drive. THEREFORE, RESOLVED by the Council of the Town ofLeesburg in Virginia as follows: SECTION I. The corporate surety bonds from the Continental Insurance Company in the amount of $491,735.00 for Section 1; in the amount of $183,428.00 for Phase 2A; in the amount of $114,150.00 for Phase 2B; in the amount of $150,140.00 for Pbase 4; in the amount of $150,529.00 for the Battlefield Parkway Phase n Road Improvements; in the amount of $40,829.00 for the Edwards Ferry Road Improvements; in the amount of $19,962.00 for the Recreation Center; in the amount of $179,955.15 for Woods Edge Drive; and from the S1. Paul Fire & Marine Insurance Company in the amount of $285,928.00 for Section 3 are released, and new securities in a form approved by the Town Attorney for a maintenance guarantee from the Continental Insurance Company in the amount of$91,050.00 for Section 1; in the amount of $49,168.05 for Phase 2A; in the amount of $64,106.70 for Phase 2B; in the amount of $33,507.125 for Phase 4; in the amount of $37,242.50 for the Battlefield Parkway Phase II Road Improvements; in the amount of 18,336.29 for the Edwards Ferry Road Improvements; and in the amount of $998.10 for the -2- A RESOLUTION: ACCEPTING PUBLIC IMPROVEMENTS, RELEASING THE PERFORMANCE GUARANTEES AND APPROVING MAINTENANCE GUARANTEES FOR PUBLIC IMPROVEMENTS AT EDWARDS LANDING SECTIONS I AND 3; PHASES 2A, 2B, AND 4; BATILEFIELD PARKWAY PHASE II ROAD IMPROVEMENTS; EDWARDS FERRY ROAD IMPROVEMENTS; RECREATION CENTER; AND WOODS EDGE DRIVE Recreation Center; and from the St. Paul Fire & Marine Insurance Company in the amount of $11,482.05 for Section 3; and in the amount of $39,192.26 for Woods Edge Drive are approved, and shall be in effect for a period of one year from this date. SECTION II. These releases are contingent upon delivery of a properly executed instrument conveying unto the Town all such improvements and easements free of any liens or charges. PASSED this 13lh day of June 2006. ~~~ Kri . Urns ttd, Mayor Town of Leesburg ATTEST: r;:J.Lt-)" uJ. a-kd of Council R06:Edwards Landing PertRels