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HomeMy Public PortalAbout2016_04_12_R052 Perf Guar for MacDowell The Town of Leesburg, Virginia PRESENTED: April 12, 2016 RESOLUTION NO. 2016-052 ADOPTED: April 12, 2016 A RESOLUTION: AUTHORIZING A PERFORMANCE AND PROFFER COMPLIANCE AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE FOR COMPLETION OF AN ON-SITE PRIVATE SAND CONTAINMENT SYSTEM AND OFF-SITE PUBLIC ROAD FRONTAGE IMPROVEMENTS FOR THE MACDOWELL PROPERTY (TLZM-2013-0005) WHEREAS, in the rezoning identified as TLZM-2013-0005 MacDowell Property approved by Ordinance No. 2014-0-026 dated September 19, 2014, the applicant/owner Gordon K. MacDowell proffered to construct a private on-site sand containment system and off-site frontage improvements along Harrison Street and South Street as shown on the approved plan and in the proffers; and WHEREAS, in 2015 the Zoning Administrator determined that certain zoning obligations were not being met contrary to the approved proffers for TLZM-2013-0005; and WHEREAS, on February 10, 2016, the Town of Leesburg and Mr. MacDowell entered into a Settlement Agreement authorized by the Circuit Court for the County of Loudoun to resolve outstanding zoning issues on the MacDowell Property related to compliance with the approved plan and proffers; and WHEREAS, Paragraph No. 5 of the Settlement Agreement specifies that a proffer bond in the amount of Three Hundred Twenty Thousand Dollars ($320,000.00) for the cost of the required on-site sand containment system and for the required off-site frontage improvements shall be posted with the Town no later than May 2, 2016; and -2- A RESOLUTION: AUTHORIZING A PERFORMANCE AND PROFFER COMPLIANCE AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE FOR COMPLETION OF AN ON-SITE PRIVATE SAND CONTAINMENT SYSTEM AND OFF-SITE PUBLIC ROAD FRONTAGE IMPROVEMENTS FOR THE MACDOWELL PROPERTY (TLZM-2013-0005) WHEREAS, Gordon K. MacDowell, the developer, requests approval of a proffer bond for such private and public improvements in order to comply with the Settlement Agreement and to proceed with construction to guarantee compliance with the TLZM-2013-0005 MacDowell Property approved plan and proffers; and WHEREAS, Section 15.2-2299 of the Code of Virginia authorizes the zoning administrator to enforce conditions attached to a zoning map amendment by requiring a guarantee, satisfactory to the governing body, in an amount sufficient and conditioned upon the construction of any physical improvements required by the conditions; and WHEREAS, Section 13-9(a)(3) of the Subdivision and Land Development Regulations provides the authority to accept a bond for improvements proffered as part of a zoning map amendment; and WHEREAS, the zoning administrator believes that a Letter of Credit in a sufficient amount is satisfactory and will ensure compliance with the Settlement Agreement and the timely completion of the specified improvements; and WHEREAS, the developer has requested approval of a Letter of Credit issued by the Middleburg Bank in the amount of$320,000.00 to guarantee compliance with the Settlement Agreement and the completion of the proffered on-site sand containment system and the frontage improvements; and WHEREAS, the Director of Public Works and Capital Projects and the Zoning Administrator recommend approval of a Performance and Proffer Compliance Agreement and acceptance of the Letter of Credit in the amount of$320,000.00 issued by the Middleburg Bank. -3- A RESOLUTION: AUTHORIZING A PERFORMANCE AND PROFFER COMPLIANCE AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE FOR COMPLETION OF AN ON-SITE PRIVATE SAND CONTAINMENT SYSTEM AND OFF-SITE PUBLIC ROAD FRONTAGE IMPROVEMENTS FOR THE MACDOWELL PROPERTY (TLZM-2013-0005) THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The Town Manager shall execute the Performance and Proffer Compliance Agreement in a form approved by the Town Attorney for the private on-site sand containment system and the off-site public frontage improvements as shown on the approved plans and proffers for Ordinance No. 2014-0-026 and as specified in Paragraph No. 5 of the Settlement Agreement. SECTION II. A Letter of Credit issued by the Middleburg Bank in the amount of $320,000.00 is approved as security to guarantee installation of the private on-site sand containment system and the off-site public frontage improvements as shown on the approved plans and proffers for Ordinance No. 2014-0-026 and as specified in Paragraph No. 5 of the Settlement Agreement. PASSED this 12th day of April, 2016. 4eDavi S. Butler, Mayor Town of Leesburg - ATTAT• 0 � I Clerk of CI nc 1 P:\Resolutions\2016\0412 MacDowell Proffer Bond.doc