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HomeMy Public PortalAbout2006_11_28_r200 The Town of Leesburg, Virginia RESOLUTION NO. PRESENTED: November 28. 2006 2006-200 ADOPTED: November 28. 2006 A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR OAKLA WN TOWNHOUSES, SECTION 1 WHEREAS, Pulte Home Corporation, the developer of Oaklawn Townhouses, Section 1, have requested approval of a corporate surety bond from the Safeco Insurance Company of America in the amount of $2,906,000 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 and water and sewer extension permits for Oaklawn Townhouses, Section 1. THEREFORE, RESOLVED by the Council ofthe 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 Oaklawn Townhouses, Section 1. SECTION II. The extension of municipal water and sewer for Oaklawn Townhouses, Section 1 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 Safeco Insurance Company of America in the amount of $2,906,000 is approved as security to guarantee installation of the public improvements shown on plans approved by the Director of Engineering and Public Works for Oaklawn Townhouses, Section 1. PASSED this 28th day of November 2006. i,4.LZ R06:0akllawnTHSecl NewBond