HomeMy Public PortalAbout2009_11_10_R134 - Perf Guar Oaklawn Townhouses Sec. 2~dt'. ~ t1 '€1 t7j"
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IZiSOLU"I'f(?N Nfl. 2Q09- 13~R
P7tEStNTED; November 10, ?009
ADOPTED: Navember (_0_,2009
A ESOLU`I"it~N: AL€T3IOIt1f,IN<i A TTME EX7'ENS1flN AND APPROViNC; A
PERFORMANCts tiUA12AN'i'EE I~DR GC71~1PLF:TiC)N OF 1'ifi~, PiiI3L,1C
libiPft(}VEsMENTS FC?IZ t~AKLAtiVN T[)WNHG?USLS SEG`I Tf~N I]
WHEI~TAS, Ptrlte Home Corl7aratian, ttte developer iif t}aklatvn "roty€thouses~- Sectiati It teas
notcomltleted ai3 tl5eaectuired public improvements iiiaccordancetivitlt the approv€d eonsfr(iiftian
ctrawin~s'arid Tawn staitelards r~~iftiin the fun-year Itei•iod a~i~eed to in the contract. for puhlie
iiitjtraveiiiertts aiid
@dEtEt2EAS, tliecievcloper Itas re~€iested a tirite estciisian'to eotrip{ete the pnblic i€itpi~ovementsa
€i~id
ly't3EttEA~, a carporate'sth'et} bond from SA]~ECtJ lnsutance Coitipany afAuteriea iri'the
aitiatatt of $5:490,000 for Oaklaivri Townhciiises Sectian [I was provided b} the de~~efoper to ^tiaraaitee
(tie instatlatiait of puhFic improvements; aitt3
WIIFREAS, the Towd's Director of Public Wanks Teooittinends a'tiine exte€7sion to Qctaber 10,
2010 for Oaktait~it Tsttv€ihotrses -Section U.
TITEREF4RE, fti;SOLVIi,D by the Council oftlie Tcttvn of Leesbc€r~ in Vir€iia as fcaltoir=s;
SEA"i'IQN h The cotpotate suret3~ 6oncl fiaiii SAFECO Irtsura€t~e Comp~t}}~ of America is
ajiproved tagararaniee#iie installation ofpti6lic improve€nents iirQak(awn `t`a~vuhoirses Section tI.
S~;CTIC)N Il~ A timeextensroat to~?etober 3C?, 2010 fot>Qaklawit Tocvithottses Sectiah tiffs
rijapi-a<<ed.
PASSED Ibis IQ's' iay o€Noventber '2(10}
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[?aResoieuionsVliesaleitions.2~U~JU t t0'I ime Fief OaklauTi'Cut+hSdus<s Scciio~s 3l,dce
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"i'biti n of Leesburg
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