HomeMy Public PortalAbout2016_07_12_R084 Authorizing an Agreement and Approving a Performance Guarantee and a Waterworks Extension Permit The Town of
Leesburg,
Virginia
PRESENTED: June 28, 2016
RESOLUTION NO. 2016-084 ADOPTED: June 28. 2016
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND A WATERWORKS EXTENSION PERMIT FOR
LEESBURG SOUTH SWM/BMP PLAN(TLPF-2014-0011).
WHEREAS, Arcadia Communities, L.L.C., the developer of Leesburg South SWM/BMP Plan
has requested approval of a Corporate Surety Bond from Atlantic Specialty Insurance Company in the
amount of$7,167,000 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
SWM/BMP Plan.
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 Leesburg South
SWM/BMP Plan.
SECTION II. A Corporate Surety Bond from Atlantic Specialty Insurance Company in the amount
of$7,167,000 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 SWM/BMP Plan.
SECTION III. The extension of municipal water for Leesburg South SWM/BMP Plan is
approved in accordance with Section 34-25 of the Town Code.
PASSED this 28th day of June, 2016.
• David S. Butler, Mayor
Town of Leesburg
• 411
AS(!r �
Ai ►ice s<'_
Clerk of C.._cil
P:Utesolutiask?r 16\0• 8 Perf Guar and Waterworks Ext Permit for 1 tesburg South SWM BMP.doc