HomeMy Public PortalAbout1990_06_13_R132ee$~u£g
RESOLUTION NO. 90-132
A RESOLUTION: AUTHORIZING
A TIME EXTENSION
PRESENTED June 13, 1990
ADOPTED June 13~ 1990
FOR INSTAI,I,~kTION OF ROAD
IMPROVEMENTS TO SYCOLIN ROAD (ROUTE 643) ALONG THE FRONTAGE
OF THE WARD COMPONENTS PLANT
WHERF_JuS, Ward Corporation, the developers of the Ward Components Plant have not completed
all the required road improvements along Sycolin Road (Route 643) in accordance with the approved
construction drawings and town standards within the one-year period plus the six month time
extension authorized by the Council; and
WHEREAS, the letter of credit from The Washington Bank in the amount of $34,802.00 provided
by the developer to guarantee the instsllstion of the road improvements expires on June 13, 1990; and
WHEREAS, the Ward Corporation has requested a time extension to allow the road improvements
to be constructed in the s,,mmer of 1990, and provided a new letter of credit from the Washington
Bank in the amount of $34,802.00 to guarantee the instsll-tion of the road improvements:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
The irrevocable letter of credit from The Washington Bank in the amount of $34,802.00 in a form
approved by the Town Attorney and a time extension of 90 days for the instzH-tion of the road
improvements to Sycolin Road (Route 643) are approved.
PASSED this 13th day of June ,1990.
ATTEST:
~-~lerl~ of (~ounc~l
Robert E. Sevila, Mayor
Town of Leesburg