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HomeMy Public PortalAbout1996_12_04SPECIAL MEETING MINUTES DECEMBER 4, 1996 A special meeting of the Leesburg Town Council was held on Wednesday, December 4, 1996, at 4:30 p.m., in the Lower Level meeting room, 25 West Market Street. Notice having been delivered to all Councilmembers priorthereto. The purposes of the meeting were to consider a pertbrmance guarantee tbr the Dry Mill Subdivision and to discuss the proposed Comprehensive Town Plan. The meeting was called to order by Mayor Clem. ROLL CALL Councilmembers present J. Frank Buttery, Jr. Jewell M. Emswiller (absent) Joseph R. Trocino (absent) Kristen C. Umstattd B. J. Webb William F. Webb (absent) Mayor James E. Clem Staff members present Town Manager Steven C. Brown Director of Engineering and Public Works Thomas A. Mason Chief of Comprehensive Planning Gerry Mucci MOTION: On motion of, and duly seconded, the following resolution was proposed and adopted. 96-263 - RESOLUTION -AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE GUARANTEE FOR THE DRY MILL TOWNHOUSE SUBDIVISION WHEREAS, Council Resolution #95-240, adopted November 28, 1995, authorized an agreement with KL Olde Towne, LLC for installation of public improvements and approved water and sewer extension permits for the Dry Mill Townhouse Subdivision; and WHEREAS, the developer, KL Olde Towne, LLC, did not provide a performance guarantee tbr the public improvements; and WHEREAS, the final subdivision plat tbr the Dry Mill Townhouse Subdivision cannot be recorded until the public improvements are completed and accepted by the Town Cotmcil or a performance guarantee acceptable to the Town Council is provided; and WHEREAS, tile estimated cost to install the public improvements shown on tile approved construction drawings tbr the Dry Mill Townhouse Subdivision has been approved by the Director of Engineering and Public Works at $85,339.00; and WHEREAS, KL Olde Towne, LLC proposes to provide a letter of credit from Ohio Savings Bank in the amount of $85,339.00 to guarantee the installation of the public improvements shown on the plans approved by the Director of Engineering and Public Works tbr the Dry Mill Townhouse Subdivision. RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The manager shall execute the contract for installation of public improvements for the improvements shown on the plans approved by the Director of Engineering and Public Works for the Dry Mill Townhouse Subdivision. SECTION II. A letter of credit in a form approved by the Town Attorney from Ohio Savings Bank in the amount of $85,339.00 is approved a security to guarantee installation of public improvements shown on plans approved by the Director of Engineering and Public Works for the Dry Mill Townhouse Subdivision. SECTION III. The contract for installation of public improvements authorized by Resolution #95-240 will be cancelled after the new contract and performance guarantee approved in Sections I and II above are executed and in effect. SP12/4/96 -2- VOTE: Aye: Councilmembers Buttery, Umstattd, B.J. Webb and Mayor Clem. Nay: None Absent: Councilmembers Emswiller, Trocino and Wm. F. Webb Discussion was held on the proposed Comprehensive Town Plan. MOTION On motion of, and duly seconded, the meeting was adjourned. Clerk of Council s E. Clem, Mayor Town of Leesburg