HomeMy Public PortalAbout2015_07_28_R083 Authorizing Time Ext for Completion of Pub Imprvmnts PMW Farms, Sec 4 The Town of
Leesburg,
Virginia
PRESENTED: July 28, 2015
RESOLUTION NO. 2015-083 ADOPTED: July 28, 2015
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 has
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 Director of Public Works and Capital Projects and the Town's Assistant
Town Manager recommends a time extension to July 12, 2016 for PMW Farms—Section 4.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that a time
extension to July 12, 2016 for PMW Farms—Section 4 is approved.
PASSED this 28th day of July, 2015.
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iste C. U stattd, Mayor
Town of Leesburg
A T.,I
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Clerk of Co
P:\Resolutions\2015\07 : hub Imprvmts Time Ext PMW Farms Sec 4.doc