HomeMy Public PortalAbout2014_07_22_R082 Time Extension for PMW Farms, Sec. 4 The Town of
Leesburg,
Virginia PRESENTED: July 22, 2014
RESOLUTION NO. 2014-082 ADOPTED: July 22, 2014
A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR COMPLETION OF THE
PUBLIC IMPROVEMENTS FOR PMW FARMS—SECTION 4 (TLCD-
2010-0004)
WHEREAS, GTIS-HOV Festival Lakes, LLC, the developer of PMW Farms—Section 4
have 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,the developer has requested a time extension to complete the public
improvements; and
WHEREAS, a corporate surety bond from Lexon Insurance Company in the current
amount of$288,660 for PMW Farms— Section 4 was provided by the developer to guarantee the
installation of public improvements; and
WHEREAS,the Town's Director of Public Works recommends a time extension to July
12, 2015 for PMW Farms—Section 4.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that a
time extension to July 12, 2015 for PMW Farms—Section 4 is approved.
PASSED this 22nd day of July, 2014.
Kristen C. mstattd, Mayor
Town of Leesburg
A T T.
Clerk of Counc
P:\Resolutions\2014\0722 PMW Farms SEC 4 Time Ext.doc