HomeMy Public PortalAbout1984_06_27_R097The Town of Leesburg in Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED June 27, 1984
84-97 ADOPTED June 27, 1984
AUTHORIZING A SUBDIVIDERS AGREEMENT, LAND EXCHANGES AND APPROVING
A PERFORMANCE GUARANTEE AND UTILITY EXTENSIONS FOR FOXRIDGE SUBDIVISION
WHEREAS, the town on August 12, 1981 made an agreement with Alfred A.
Perry and Harry C. Perry & Associates (now Foxridge Limited Partnership)
permitting development of a 208 lot cluster subdivision on land lying west of
Catoctin Circle northwest extension and north of the NVRPA trail under which the town
acquired approximately 8.8 acres of land from Arl and Katherine Curry for the
extension of Catoctin Circle and an exchange of lands with the Perrys to create
an 9.0 acre public park, and further providing that the Perrys shall pay the town
$100,000 after which the town would make improvements to the public parkland created
as part of the subdivision; and
WHEREAS, the Foxridge Limited Partnerhsip (subdivider) has submitted a proposed
final plat of Section I of Phase I of Foxridge Subdivision calling for creation of
20 residential dwelling lots and plat of land exchanges; and
WHEREAS, the subdivider proposes to submit an irrevocable bank letter of credit
in a form approved by the town attorney in the amount of the estimated costs of
the public improvements in Section I of Phase I of Foxridge Subdivision, as de-
termined by the director of engineering, as security to guarantee installation
of the public improvements:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. Section I of Phase I of Foxridge Subdivision is approved under
the terms of the August 12, 1981 agreement between the town and Alfred A. Perry
and Harry C. Perry & Associates and the manager is authorized to execute on
behalf of the town a subdivider's agreement (Form PC-2) with Foxridge Limited
Partnership, subject to the terms of the August 12, 1981 agreement, for
-2-
RESOLUTION - AUTHORIZING A SUBDIVIDERS AGREEMENT, LAND EXCHANGES AND APPROVING
A PERFORMANCE GUARANTEE AND UTILITY EXTENSIONS FOR FOXRIDGE SUBDIVISION
installation of public improvements shown on the plans approved by the director
of engineering for Foxridge Subdivision.
SECTION II. The extension of municipal water and sewer works for Foxridge
Subdivision is approved in accordance with Section 15-9 and 19-18 of the Town
Code provided, however, that the subdivider shall be subject to fees for water
conveyance facilities established for the Catoctin Circle northwest extension
under Section 19-24 of the Town Code.
SECTION III. An irrevocable bank letter of credit in a form approved by
the town attorney from the Bank of Alexandria in the amount of $189,785 is approved
as security to guarantee installation of the public improvements shown on plans
approved by the director of engineering for Foxridge Subdivision.
SECTION IV. The mayor_ shall execute on behalf of the town such deeds and
land exchange instruments, in forms approved by the town attorney, to effect the
land exchanges between Alfred A. Perry and Harry C. Perry & Associates or Foxridge
Limited Partnership and the town as provided in the August 12, 1981 agreement.
PASSED this 27th day of June , 1984.
Ro ert ~evil~, ayor
Town of Leesburg
ATTEST:
Clerk of C~cil