HomeMy Public PortalAbout1976_01_14_R011 Granting Extension of Payment for Availability Fees for Leesburg ManorRESOLUTION NO. 76-11 ADOPTED January 14, 1976
A RESOLUTION:
GRANTING EXTENSION OF TIME FOR PAYMENT OF
AVAILABILITY FEES BY LEESBURG MANOR ASSOCIATES.
WHEREAS, counsel for Leesburg Manor Associates advised
the Town Attorney that, due to the delay that Leesburg
Manor Associates did not have the cash on hand to pay
the sum of $70,400.00, but would have this in hand by
February 5, 1976, and agreed to execute a non-interest
bearing note to secure the Town for said sum, payable
to the Town on February 5, 1976, and
WHEREAS, counsel for Leesburg Manor Associates advises
that the note properly executed is in hand and that the
same will be delivered as soon as he is advised that the
Council approves the extension proposal,
RESOLVED, that Leesburg Manor Associates be and it is
hereby granted an extension to make said payment on Feb-
ruary 5, 1976, contingent upon delivery of the note to
the Town Treasurer, and
RESOLVED, further, that upon payment of the $70,400,00
on February 5, 1976, the Town Treasurer be and he is
hereby authorized to return the note and provide a proper
receipt indicating that said payment is in full satis-
faction of the fees owed by Leesburg Manor Associates to
the Town for sewer and water availability and connections,
and
RESOLVED, further, that if the said sum is not paid in
cash by an acceptable method on February 5, 1976, then
the Council will determine whether to proceed to recover
on the note or on the contract.
Passed this 14th
day of _. January , 1976.
G. Dewey HiJ~i~, Mayor
Town of Le~sburg
ATTEST: