HomeMy Public PortalAbout1990_06_13_R122L ,~£
eesourg in CVirginia
RESOLUTION NO. 90-122
A RESOLUTION:
PRESENTED June 13, 1990
ADOPTED June 13, 1990
AUTHORIZING A TIME EXTENSION OF THE PERFORMANCE GUARANTEE
FOR INSTALLATION OF PUBLIC IMPROVEMENTS FOR PERSHING AVENUE
ALONG LOTS 11, 12 AND 13 (BLOCK D OF THE FAn{VIEW SUBDMSION
WITE~, l~m~l.ll G. Miles, the developers of Lots 11, 12 and 12, Block I of the Fairview
Subdivision have not completed all the required public improvements in accordance with the approved
construction drawings and town standards within the two-year period 'agreed to in the contract for
public improvements; and
WHEREAS, the letter of credit from Burke and Herbert Bank of Alexandria, which guarantees
the inst~ll-tion of public improvements, in the amount of $14,663.00 expired on May 6, 1990; and
WHEREAS, a new letter of credit from Burke and Herbert Bank in the amount of $14,663.00 has
been provided by the developer to guarantee ins*~11-tion of the public improvements for Pershing
Avenue along Lots 11, 12 and 13, Block I, of the Fairview Subdivision; and
WHEREAS, the Director of Engineering and Public Works bas approved the amount of $14,663.00
to guarantee install-tion of the rem-lning public improvements.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The letter of credit from Burke and Herbert Bank in the -mount of $14,663.00 in
the amount of $14,663.00 in a form approved by the Town Attorney and a time extension of one year
for the inst~ll-tion of public improvements for Per~.ing Avenue along lots 11, 12 and 13, Block I of
the Fairview Subdivision are hereby approved.
PASSED this 13 th
t~c~ST:
~lerk of Cou~dl.- ~
day of
June , 1990.
Robert E. Sevila, Mayor
Town of Leesburg