HomeMy Public PortalAbout2014_11_10_R112 Perf Guar and WS Ext Permits for Crescent Pl Harrison St Roadway Imprv The Town of
Leesburg,
Virginia PRESENTED: November 10,2014
RESOLUTION NO. 2014-112 ADOPTED: November 10,2014
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
CRESCENT PLACE HARRISON STREET ROADWAY IMPROVEMENTS
(TLPF-2014-0016)
WHEREAS,Leesburg Acquisition Partners, LLC,the developer of Crescent Place Harrison Street
Roadway Improvements has requested approval of a Corporate Surety Bond from Lexon Insurance Company in
the amount of$1,379,000 to guarantee the public improvements; and
WHEREAS,the Director of Public Works recommends approval of a contract for installation of public
improvements and acceptance of a performance guarantee for Crescent Place Harrison Street Roadway
Improvements.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The Town Manager shall execute the contract for public improvements for the
improvements shown on the plans to be approved by the Director of Plan Review for Crescent Place Harrison
Street Roadway Improvements.
SECTION II. A Corporate Surety Bond from Lexon Insurance Company in the amount of$1,379,000
is approved as security to guarantee installation of the public improvements shown on plans to be approved by
the Director of Plan Review for Crescent Place Harrison Street Roadway Improvements.
SECTION III. The extension of municipal water and sewer for Crescent Place Harrison Street
Roadway Improvements is approved in accordance with Section 34-25 and Section 34-123 of the Town Code.
PASSED this 10th day of November,2014.
Kristen C.Umstattd, ayor
Town of Leesburg
TT• •
Clerk of n
P:\Resolutions\1110 ' Guar WS Permits for Crescent Place.doc