HomeMy Public PortalAbout2007_04_24_r069 Perf Guar Lansdowne on the Potomac Sec 40-41 and Riverside Pkwy
The Town of
Leesburg,
Virginia
RESOLUTION NO. 2007-69
PRESENTED: April 24. 2007
ADOPTED: April 24. 2007
A RESOLUTION: ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEES, AND APPROVING
MAINTENANCE GUARANTEES FOR LANSDOWNE ON THE
POTOMAC SECTIONS 40 & 41; RIVERSIDE PARKWAY PHASE 4 &
5; AND THE WATERMAIN EXTENSION
WHEREAS, Lansdowne Community Development, LLC, the developer of Lansdowne
on the Potomac Sections 40 & 41; Riverside Parkway Phase 4 & 5; and the Watermain Extension
have completed the public improvements in accordance with approved plans and Town standards
and these have been inspected and approved; and
WHEREAS, this development is located in Loudoun County and the Town's bonded
improvements are water and sanitary sewer only; and
WHEREAS, the Director of Engineering and Public Works recommends accepting the
public improvements and approving maintenance guarantees for Lansdowne on the Potomac
Sections 40 & 41; Riverside Parkway Phase 4 & 5; and the Watennain Extension.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION 1. The corporate surety bonds from the GulfInsurance Company in the
amount of in the amount of $36,440.00 for Sections 40 & 41; in the amount of$7,635.60 for
Riverside Parkway Phase 4 & 5; and in the amount of$2,852.30 for the Watermain Extension,
are released, and new securities in a form approved by the Town Attorney for a maintenance
guarantee in the amount of$18,220.00 for Sections 40 & 41; in the amount of$I,426.15 for
Riverside Parkway Phase 4 & 5; and in the amount of$3,817.80 for the Watermain Extension
-2-
A RESOLUTION:
ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEES, AND APPROVING MAINTENANCE
GUARANTEES FOR LANSDOWNE ON THE POTOMAC SECTIONS 40 &
41; RIVERSIDE PARKWAY PHASE 4 & 5; AND THE W A TERMAIN
EXTENSION
from the Lexon Insurance Company are approved, and shall be in effect for a period of one year
from this date.
SECTION II. This release is 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 24th day of April 2007.
ATTEST:
~/iJJ~~
erk of Council
R07:Lansdowne40&41,R vrsdPkwy, WtrMainExt PertRel