HomeMy Public PortalAbout2016_07_12_R091 Authorizing a Time Extension for Completion of the Public Improvements for PMW FarmsThe Town of
Leesburg,
Virginia
PRESENTED: July 12. 2016
RESOLUTION NO.: 2016-091 ADOPTED: July 12, 2016
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 S288,660 for PMW Farms — Section 4 was provided by the developer to guarantee the installation
of public improvements; and
WHEREAS, the Town's Director of Public Works and Capital Projects recommends a time
extension to July 12, 2017 for PMW Farms — Section 4.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
A time extension to July 12, 2017 for PMW Farms — Section 4 is hereby approved.
PASSED this 12th day of July, 2016.
ATTI/ST:
•
Clerk of Councit
P:\Resolutions@016\0'12 P
Farms Perf Guar Time E#.doc
David S. Butler, Mayor
Town of Leesburg