HomeMy Public PortalAbout1990_07_25_R188LccsBurg in ~irginia
PRESENTED
ADOPTED
July 25, 1990
July 25, 1990
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
The letter of credit from Home Federal Savings and Loan Association in the amount of
$774,000.00 in a form approved by the Town Attorney and a time extension to September 23, 1991
for the instmllstion of public improvements in Woodlea Manor Phase I are hereby approved.
PASSED this 25th dayof ~~,. ~, ~1990.
Robert E. Sevila, Mayor
Town of Leesburg
Clerk of Coun/ci/~
RESOLUTION NO. 90-188
A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR INSTAT,I,ATION OF PUBLIC
IMPROVEMENTS AND APPROVING THE PERFORMANCE GUARANTEE FOR
WOODLEA MANOR PHASE I
WHEREAS, NV Land, the developer of Woodlea Manor Phase I has 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 for Woodlea Manor
Phase I; and
WHEREAS, the letter of credit from Home Federal Savings and Loan Association, which
guarantees the inst~llstion of public improvements in Woodlea Manor Phase I, in the amount of
$774,000.00 expires on September 23, 1990; and
WHEREAS, a new letter of credit from Home Federal Savings and Loan Association in the
amount of $774,000.00 has been provided by the developer to guarantee inst~ll~tion of the remslnlnf
public improvements for Woodlea Manor Phase I; and
WHE~, the Director of Engineering and Public Works has approved the amount of
$774,000.00 to guarantee instm]lstion of the remsluing public improvements of Woodlea Manor Phase