HomeMy Public PortalAbout2016_06_14_R072 Performance Guarantee for Leesburg South Offsite Sanitary Sewer (TLPF-2014-0010) The Town of
Leesburg, _
Virginia
PRESENTED: June 14. 2016
RESOLUTION NO. 2016-072 ADOPTED: June 14. 2016
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING'A PERFORMANCE
GUARANTEE AND A SEWER EXTENSION PERMIT FOR LEESBURG
SOUTH OFFSITE SANITARY SEWER(TLPF-2014-0010).
WHEREAS, Arcadia Communities, L.L.C.,the developer of Leesburg South Offsite Sanitary
Sewer has requested approval of a Corporate Surety Bond from Nationwide Mutual Insurance Company
in the amount of$1,354,000 to guarantee the public improvements; and
WHEREAS, the Director of Public Works and Capital Projects recommends approval of a contract
for installation of public improvements and acceptance of a performance guarantee for Leesburg South
Offsite Sanitary Sewer:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
• SECTION !. 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 Leesburg South
Offsite Sanitary Sewer.
SECTION II. A Corporate Surety Bond from Nationwide Mutual Insurance Company in the amount
of$1,354,000 is approved as security to guarantee installation of the public improvements shown on plans to
be approved by the Director of Plan Review for of Leesburg South Offsite Sanitary Sewer. -
SECTION III. The extension of municipal sewer for Leesburg South Offsite Sanitary Sewer is
approved in accordance with Section 34-123 of the Town Code.
PASSED this 14th day of June, 2016.
;DJ
David S. Butler, Mayor
Town of Leesburg
EST()
of Coil cil
P:U2esolutionsL0I 6 t. 4 Leesburg South Offsite Sanitary Sewer-New Perf Bond.doc