HomeMy Public PortalAbout2009_10_27_R125 - Reducing Performance Guarantees Fort Evans Plaza II Battlefield Pkwy Extf ttt~ i (lti=}t t}j~
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RESC7LUTIt}N NO. 2009-12> AI~(~I''I`EB: (}ctober 27, zOd9
A 1tESC}LU"1'[{}N: I+tAKINCi A RELIUC`TI(~tti C7F TI IE PERFC~Ri49Atti'('E C;UARANTF,P FC~R
PUi3IuIC IMPRt~VE~l~IIiNTS NS"I'ALLBC):AT FORT EVANS PLAI_A II,
f3A1 ILF;E~IEI,I? i'AI2~'JAY EXTFNSIC~N
WRPREAS, the Town's Diiector of I'~iblic SVetrks l5as rex~ietved the utiprovenieiits installed tti elate
forFOrt Evans l'3aza II,I3attlefiei~l Parkway Extension ai~ii certiC[ec3 Chat ttt~ value ofxvork perf~rrriecl is
$6,11b,8~10: affil
WIIFREAS, a eoi'porate stu~ety boni3ssaccd by WesteetrSnrety Gun~pany hi [fte amoitntof
$7;666,Ofl0 xvas proridedb}= the developer and approvedby theGOuiicil to giaarantce uistallati63t z~ftAtbGc
itrxprflve~rtentsat Lori Evans PlaznIl, Eat#lcfield Park~i~aq Extettsieu; and
WHIi1tEAS,theDirectc~rrafPublic Worksr4cQmit3ends recliacingtheperfar~ita~iceguarantee for
ptthlic irnpresven3ents iiista((cd at Lort Evans Ftaza 11, Hatilefielcl Farkxvay Extension:
TIII121` LIRE, IfF St7LVEI~ by the Goancil of the Town ofl.eesburg in Virginia as t'ollox~s:
SEG'I'IC}N I. The corporate surety bond fiant Western Surety Ganipany for Fort Evans Plaza tI>
Battlefield Pai~kxvay Extension itithe amoulit of $7,666,OQ0 is redtteed to $I;Sd7,l'69.
SF,f;"T fF3N II, The Toxvtt ~~tanaget~ sitati notify the dcx~elopers tltatlabilityfexr corpct~~te snreYy
bontl has EieaiS redacetl as outlined in Section I of this resohEtion and that this t ednetlon does ncitconstitute
accej~tanceo£ pt~blio intproven~ents by the 1'oxvn orretieve the t3evalopea• afresponsibilities outtinett iitthe
eci7itraci fai~pnb3ic ~nprax=~ments at Fort Evans C'iaza ll, Haitlefield Parkwa}r Eytcnsip~i.
PASSEll this 27'x' day of 4?ctabcr, 2(709.
Kristen ,~ n- lstttttd, l~Iayarr
f r' ~t Toxvt~ of'LeesCiurg
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Clerk of L'owtcit //t ~ ~ ~ ~ ~~
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