HomeMy Public PortalAbout1991_01_08_R010eesourg in ~Zirginia
RESOLUTION NO. 91-10
A RESOLUTION:
PRESENTED January 8, 1991
ADOPTED January 8, 1991
TIME FO[TENSION FOR INSTAI,I,ATION OF PUBLIC
AUTHORIZING A
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
FAIRWAY MANOR
WHEREAS, United Land Developers, Inc., the developers of Fairway Manor, 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 developer has requested a one-year time extension to complete the public
improvements; and
WHEREAS, the letter of credit from Perpetual Savings Bank, which guarantees the installation
of public improvements in Fairway Manor, in the amount of $77,200.00 automatically renews for
additional one-year periods; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of $77,200.00
to guarantee installation of the remaining public improvements in Fairway Manor.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
Renewal of the letter of credit from Perpetual Savings Bank in the amount of $77,200.00 in a form
approved by the Town Attorney and a time extension of one-year for the installation of public
improvements are hereby approved for Fairway Manor.
PASSED this 8th day of January , 1991.
ATTEST:
fairway
Robert E. Sevil~, Mayor
Town of Leesburg