HomeMy WebLinkAboutWPO201400065 Bond 2014-10-27 WATER PROTECTION PERFORMANCE BOND
The undersigned. Cistercian Nuns of the Strict Observance in Virginia, Inc.. Principal(s). is/are
held and firmly bound to the County of Albemarle. Virginia, in the penal sum of $94,800.00, for which
payment 1/we jointly and severally hind myself/ourselves and my/our heirs, executors, administrators,
successors and assigns. Of this total penal sum. 54,580.00 is the sum required pursuant to
Albemarle County Code § 17-207 (erosion and sediment control); $40,220.00 is the sum required
pursuant to Albemarle County Code § 17-306 (stormwater management and water quality
).
The condition of this obligation is such that the Principal(s) is obligated to satisI the terms and
conditions of Water Protection Ordinance Application No(s). W PO-2014-0006.5
(hereinafter. the "Plan"), which said ('Ian and all specifications which are parts thereof are incorporated
herein by reference, and all applicable requirements of Article Il (Erosion and Sediment Control)and/or
Article III (Stormwater Management and Water Quality)of Chapter 17 (Water Protection)of the
Albemarle County Code (hereinafter. "Chapter 17"), including any handbook and state law identified
and referenced therein, related to the development of the project described as Our Lady of the Aneels
Monastery WPO Plan.
If the Principal(s). his/her/their heirs, eNecinors, administrators, successors, or assigns. well and
truly perform the terms. conditions. specifications and requirements of the Plan and Chapter 17. on or
before the 22 do‘ of October, 2015. without variance, required thereb>, then this obligation shall be
void, otherwise it shall remain in full force and effect: provided that if. at any time during the term
hereof, the Principal(s) shall commit and/or suffer or permit the commission or existence of any act.
omission, or condition which shall constitute a violation of the Plan and/or Chapter 17. and fails. after
proper notice of such violation is ON en by the Program Authority pursuant to Chapter 17, to take timet
corrective action as specified in the notice, then the Principal(s) shall he in default of the terms of this
bond, and all or such part of this obligation as may be required, including the security hereof shall be
immediately payable to the County of'Albemarle for purposes of abating such violation; and provided
further that no payment made under the authorit> of the preceding provision shall in an way affect,
impair. or diminish the obligation of the Principalts) to complete and perform the improvements and
measures hereinabove described.
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In consideration hereof and as security for this obligation. the Principal(s) has/have
heretofore caused to he issued to and for the benefit of the County of Albemarle. Virginia, a certain
Cashier's Check dated Oc to her
numbered 5" 3 '7 . in the principal amount of $,Q-4.ki(i(j,,0 . which is attached
hereto.
In witness whereof, the said Principal(s) has/have caused this instrument to be executed this
day of
PRINCIPAL
Cistercian Nuns of the Strict Observance in Virginia. Inc.
By: ji
(Please sign above and print name belov•)
S. Marion Rissetto
TITLE: President
ADDRESS: 3 3 (, trk rlvr
n-As. truf
r.fL_Z--el. VA I3ii-
PHONE:
IApproved as to Form:
/0
,vtorney
Date
Accepted:
2ZL1County Engineer Authorized Agent Date
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