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HomeMy Public PortalAbout2016_12-13_R165 Loudoun County Crosstrail Boulevard Segment B ProjectThe Town of Leesburg, Virginia PRESENTED: December 13. 2016 RESOLUTION NO. 2016-8165 ADOPTED: December 13, 2016 A RESOLUTION: AUTHORIZING AN AGREEMENT AND WAIVING A PERFORMANCE GUARANTEE FOR THE LOUDOUN COUNTY CROSSTRAIL BOULEVARD — SEGMENT B PROJECT (TLCR-2014-0003) WHEREAS, the Director of Plan Review has conditionally approved the construction drawings and final development plans for the Loudoun County Crosstrail Boulevard — Segment B project; and WHEREAS, it is in the public's interest to waive the costs associated with a performance guarantee for the necessary public improvements; and WHEREAS. the Director of Public Works and Capital Projects recommends approval of a contract for installation of public improvements and waiving the performance guarantee for the Loudoun County Crosstrail Boulevard — Segment B project. THEREFORE RESOLVED, by the Council of the Town of Leesburg in Virginia that: SECTION 1. The Town Manager shall execute the contract for public improvements in a form approved by the Town Attorney with the Loudoun County Government for the improvements show on the plans approved by the Director of Plan Review for the Loudoun County the Loudoun County Crosstrail Boulevard — Segment B project. SECTION 11. The performance guarantee in the amount of $13.974.000 is waived, conditioned on the requirement that the public improvements are completed to the satisfaction of the Town, or a subsequent performance guarantee is furnished in an amount approved by the Director of Public Works and Capital Projects for outstanding punchlist items. PASSED this 13'" day of December. 2016. nrig. David S. Butler. Mayor Town of Leesburg Clerk of Council Pro Tem