HomeMy Public PortalAbout2007_06_12_r092
The Town of
Leesburg,
Virginia
PRESENTED: June 12.2007
RESOLUTION NO. 2007-92
ADOPTED: June 12.2007
A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR COMPLETION OF THE
PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE
GUARANTEE FOR LANSDOWNE ON THE POTOMAC SECTIONS
42 & 43
WHEREAS, West Goose Creek, L.L.C., the developer of Lansdowne on the Potomac
Sections 42 & 43 has not completed all the required public improvements in accordance with the
approved construction drawings and Town standards within the two-year period agreed to in the
contract for public improvements; and
WHEREAS, this development is located in Loudoun County and the Town's bonded
improvements are water and sanitary sewer only; and
WHEREAS, the developer has requested a time extension to complete the public
improvements; and
WHEREAS, a corporate surety bond from the Arch Insurance Company in the amount of
$44,107 was provided by the developer to guarantee the installation of public improvements; and
WHEREAS, the Town's Director of Engineering and Public Works recommends a time
extension to May 30, 2008.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The corporate surety bond from the Arch Insurance Company is approved
to guarantee the installation of public improvements in Lansdowne on the Potomac Sections 42
&43.
-2-
A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR COMPLETION OF THE
PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE
GUARANTEE FOR LANSDOWNE ON THE POTOMAC SECTIONS
42 & 43
SECTION II. A time extension to May 30, 2008 is approved.
PASSED this lih day of June 2007.
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' \ . .. I
. . . U stattd, Mayor
Town of Leesburg
ATTEST:
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R07:LansdowneSec42&43 TimeExt