HomeMy Public PortalAbout2010_07_13_R089 Oaklawn Townhouses, Section 1The Town o f
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PRESENTED: Julv 13, 2010
RESOLUTION NO. 2010-089 ADOPTED: July 13, 2010
A RESOLUTION: ACCEPTING THE PUBLIC IMPROVEMENTS, RELEASING THE
PERFORMANCE GUARANTEE, AND APPROVING A MAINTENANCE
GUARANTEE FOR OAKLAWN TOWNHOUSES -SECTION 1
WHEREAS, Pulte Home Corporation, the developer of Oaklawn Townhouses -Section 1 has
completed the public improvements in accordance with approved plans and Town standards and these
have been inspected and approved; and
WHEREAS, the Director of Public Works recommends accepting the public improvements and
approving a maintenance guarantee for Oaklawn Townhouses -Section 1.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The corporate surety' bond in the current amount of $290,600 from Safeco
Insurance Company of America is released, and acceptance of a corporate surety bond from Safeco
Insurance Company of America for a maintenance guarantee in the amount of $145,300 is 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 13t1i day of Jam, 2010.
~-- mstattd, Mayor
Town of Leesburg
ATT ST:
t
Clerk of Coun '
P:\ResolutionsUtesolutions 2010\0713 Oaklawn Townhouses SEC 1 Rel Perf Bond Accept Maint Bond.doc