HomeMy Public PortalAbout2015_09_22_R100 Authorizing a Perf Guar and W and S Permits for Walmart The Town of
Leesburg,
Virginia PRESENTED: September 22, 2015
RESOLUTION NO. 2015-100 ADOPTED: September 22,2015
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
WALMART STORE#1904-05 (TLPF-2014-0027)
WHEREAS, Wal-Mart Real Estate Business Trust,the developer of Walmart Store#1904-05 in the
Compass Creek Development has requested approval of a Corporate Surety Bond from Fidelity and Deposit
Company of Maryland in the amount of$671,000 to guarantee the public improvements; and
WHEREAS,the Assistant Town Manager recommends approval of a contract for installation of
public improvements and acceptance of a performance guarantee for Walmart Store#1904-05.
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 Walmart Store#1904-
05.
SECTION II. A Corporate Surety Bond from Fidelity and Deposit Company of Maryland in the
amount of$671,000 is approved as security to guarantee installation of the public improvements shown on
plans to be approved by the Director of Plan Review for Walmart Store #1904-05.
SECTION III. The extension of municipal water and sewer for of Walmart Store#1904-05 is
approved in accordance with Section 34-25 and Section 34-123 of the Town Code.
PASSED this 22nd day of September, 2015.
r.U stattd, ayor
Town of Leesburg
ATT• T:
i
Clerk of Coati 1
P:\Resolutions\2015\0922 Perf Guar and Water and Sewer Permits for Walmart Store 1904-05.doc