HomeMy Public PortalAbout2014_11_10_R114 Perf Guar and WS Ext Permits for Oaklawn Landbay B The Town of
Leesburg,
Virginia
PRESENTED: November 10,2014
RESOLUTION NO. 2014-114 ADOPTED: November 10,2014
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
OAKLAWN LANDBAY B(TLPF-2014-0024)
WHEREAS, TC Oaklawn Owner, LLC,the developer of Oaklawn Landbay B has requested approval
of a Corporate Surety Bond from Berkley Insurance Company in the amount of$1,264,000 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 Oaklawn Landbay B.
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 Oaklawn Landbay B.
SECTION II. A Corporate Surety Bond from Berkley Insurance Company in the amount of$1,264,000
is approved as security to guarantee installation of the public improvements shown on plans to be approved by
the Director of Plan Review for Oaklawn Landbay B.
SECTION III. The extension of municipal water and sewer for Oaklawn Landbay B is approved in
accordance with Section 34-25 and Section 34-123 of the Town Code.
PASSED this 10th day of November,2014.
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' • IF C. mstattd,Mayor
Town of Leesburg
ATT. T: •
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Clerk of Coin-wig
P:\Resolutions\Reso-Oaklawn Landbay B-New Perf Bond.doc