HomeMy Public PortalAbout1992_07_14_R123The Town of
Leesburg,
rgtnta
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 14, 1992
92-123 ADOPTED July 14, 1992
CANCFa,LATION OF THE CONTRACT FOR PUBLIC IMPROVEMENTS WITH
THE HARRISON II LIMITED PARTNERSHIP FOR 306 SOUTH HARRISON
STREET AND RELEASE OF THE PERFORMANCE GUARANTEE
WHEREAS, Council Resolution #80-118 adopted by Council on June 13, 1989, authorized an
agreement and approved a performance guarantee and water and sewer extension permits for 306 Harrison
Street; and
WHEREAS, a letter of credit from Signet Bank in the amount of $55,740.00 was provided as
performance guarantee; and
WHEREAS, no construction or site work for this 32,200 square foot office building has been
started by the developer, The Harrison II Limited Partnership, for this site; and
WHEREAS, this site recently received approval of a proffer amendment and special exception and
was rezoned to allow construction of up to 67 assisted living elderly housing units; and
WHEREAS, the developer is currently having a new final development prepared which will include
the public improvements that are part of the approved office building development plan; and
WHERF_dkS, the developer has requested that the current contract for inst~llation of public
improvements for 306 South Harrisoin Street be cancelled in lieu of a time extension and that the letter
of credit from Signet Bank in the amount of $55,740.00 be released.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The current contract for inst~llation of public improvements for the 306 South
Harrison Street Office Building is hereby cancelled.
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CANCELLATION OF THE CONT1L~CT FOR PUBLIC IMPROVEMENTS WITH THE
HARRISON II LIMITED PARTNERSHIP FOR 306 SOUTH HARRISON STREET AND RELEASE
OF THE PERFORMANCE GUARANTEE
SECTION II. The letter of credit from Signet Bank in the amount of $55,740.00 which guarantees
the inst~llAtion of public improvements for 306 South Harrison Street is hereby released.
SECTION 177. The water and sewer extension permits issued for 306 South Harrison Street in
accordance with Section 15-9 and 19-18 of the Leesburg Town Code are hereby cancelled.
PASSED this 14th day of July , 1992
ATTEST:
Clerk of Council-
James E. Clem, Mayor
Town of Leesburg
306harri.res