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HomeMy Public PortalAbout2006_06_27_r108 The Town of Leesburg, Virginia RESOLUTION NO. PRESENTED: June 27. 2006 2006-108 ADOPTED: June 27.2006 A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR COOKE'S CROSSING WHEREAS, D.R. Horton, Inc., the developer of Cooke's Crossing, have requested approval of a corporate surety bond from the American Home Assurance Company in the amount of $63,328.10 to guarantee the public improvements; and WHEREAS, this subdivision is in Loudoun County and the Town's bonded improvements are water and sanitary sewer only. WHEREAS, the Director of Engineering and Public Works recommends approval of a contract for installation of public improvements and acceptance of aperfonnance guarantee for Cooke's Crossing. THEREFORE, RESOLVED by the Council of the Town ofLeesburg 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 Cooke's Crossing. SECTION II. The extension ofmumcipal water and sewer for Cooke's Crossing 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 American Home Assurance Company in the amount of $63,328.10 is approved as security to guarantee installation of the public improvements shown on plans approved by the Director of Engineering and Public Works for Cooke's Crossing. PASSED this 27th day of June 2006. ATTEST: fitJdi U!. d ltu..&' erk of Counctl R06:Cooke'sCrossing NewBond