HomeMy Public PortalAbout2013_09_10_R101 Releasing Perf Guar for Stratford Rough Grading Plan The Town of
Leesburg,
Virginia
PRESENTED: September 10, 2013
RESOLUTION NO. 2013-101 ADOPTED: September 10, 2013
A RESOLUTION: RELEASING THE PERFORMANCE GUARANTEE FOR OAKLAWN AT
STRATFORD ROUGH GRADING PLAN (DPR#04-132-2G)
WHEREAS, Oaklawn II LLC and Pulte Home Corporation,the developers of Oaklawn at
Stratford Rough Grading Plan have completed the improvements in accordance with approved plans
and Town standards and these have been inspected and approved; and
WHEREAS,the earthwork that was bonded as part of the Oaklawn at Stratford Rough Grading
Plan is included and fully bonded as part of the bonded public improvements in Oaklawn at Stratford,
Phase 1 A Public Improvements and Oaklawn at Stratford, Phase 1B Public Improvements; and
WHEREAS, no Maintenance Guarantee is needed since no public improvements will be
accepted with this section; and
WHEREAS, the Director of Public Works recommends the release of the performance bond for
Oaklawn at Stratford Rough Grading Plan.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
The corporate surety bond in the current amount of$360,000 from Safeco Insurance Company
of America is released.
PASSED this 10th day of September, 2013.
0ma9 . U stattd, Mayor
Town of Leesburg
AL ST':
Clerk of o it
P:\Resolutions\2013\0910 Oaklawn at Stratford Rough Grading Plan-Rel PB.doc