HomeMy Public PortalAbout2006_12_12_r211
The Town of
Leesburg,
Virginia
PRESENTED: December 12.2006
RESOLUTION NO.
2006-211
ADOPTED: December 12. 2006
A RESOLUTION:
AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE FOR LEESBURG PLAZA OUTP ARCEL B
WHEREAS, Federal Realty Investment Trust, the developer of Leesburg Plaza Outparcel B, has
requested approval of a corporate surety bond from the Travelers Casualty and Surety of America in the
amount of $39,000 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 for Leesburg Plaza
Outparcel B.
THEREFORE, RESOLVED by the Council of the 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
Leesburg Plaza Outparcel B.
SECTION II. The corporate surety bond in a form approved by the Town Attorney from the
Travelers Casualty and Surety of America in the amount of $39,000 is approved as security to guarantee
installation of the public improvements shown on plans approved by the Director of Engineering and
Public Works for Leesburg Plaza Outparcel B.
PASSED this 12th day of December 2006.
. Umstattd, Mayor
Town of Lees burg
ATTEST:
~I1I1) II~
R06:LeesburgPlzOutparcelB NewBond