HomeMy Public PortalAbout1991_09_24_R214The Town of
Leesburg,
irginia
PRESENTED Sept. 24, 1991
ADOPTED Sept. 24, 1991
FOR INSTALLATION OF PUBLIC
PASSED this 24th day of September , 1991.
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, 1992
for a installation of public improvements in Woodlea Manor Phase I are hereby approved.
ATTEST:
Clerk offCouncil ~o
woodlea
Robe~ E. Sevila, Mayor
Town of Leesburg
RESOLUTION NO. 91-214
A RESOLUTION: AUTHORIZING A TIME EXTENSION
IMPROVEMENTS AND APPROVING THE PERFORMANCE GUARANTEE FOR
WOODLEA MANOR PHASE I
VgI-IE~, Elm Street Development, 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 plus a one
year time extension for Woodlea Manor Phase I; and
WHEREAS, the developer has requested a one year time extension to complete the installation
of the remaining public improvements; and
WHE~, the letter of credit from Home Fede,-al Savings and Loan Association, which
guarantees the installation of public improvements in Woodlea Manor Phase I, in the amount of
$774,000.00 automatically renews for additional one year periods of time; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$774,000.00 to guarantee installation of the remaining public improvements of Woodlea Manor Phase