HomeMy Public PortalAbout2015_03_24_R036 Perf Guar and WS Permits for Lowes of Leesburg TLPF 2014-0008 The Town of
Leesburg,
Virgini
PRESENTED: March 24, 2015
RESOLUTION NO. 2015-036 ADOPTED: March 24, 2015
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A
PERFORMANCE GUARANTEE AND WATER AND SEWER
EXTENSION PERMITS FOR LOWE'S OF LEESBURG(TLPF-2014-0008)
WHEREAS, Lowe's,the developer of Lowe's of Leesburg has requested approval of a
Corporate Surety Bond from Travelers Casualty and Surety Company of America in the amount of
$2,494,000 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 Lowe's of
Leesburg.
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 Lowe's of
Leesburg.
SECTION II. A Corporate Surety Bond from Travelers Casualty and Surety Company of
America in the amount of$2,494,000 is approved as security to guarantee installation of the public
improvements shown on plans to be approved by the Director of Plan Review for Lowe's of
Leesburg.
SECTION III. The extension of municipal water and sewer for Lowe's of Leesburg is
approved in accordance with Section 34-25 and Section 34-123 of the Town Code.
PASSED this 24th day of March, 2015.
ViSk.-ASi. tilkin"..:J
Kri�r stand, Mayor
Town of Leesburg
TTA.
Clerk of Coun�p
P:\Resolutions\2015\0 erf Guar and WS Permits for Lowes of Leesburg.doc