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HomeMy Public PortalAbout1994_05_24_R107The Town of Leesburg, rg nm RESOLUTION NO. A RESOLUTION: PRESENTED May 24, 1994 94-107 ADOPTED May 24~ 1994 AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR CROSSROADS BAPTIST CHURCH PASSED this 24th day of May ,1994. ATTEST: Clerk of Council A time extension to June 21, 1995 for completion of the public improvements is Clem, Mayor Town of Leesburg R:crossrd.res approved. SECTION II. WHEREAS, Crossroads Baptist Church, the developer of the Crossroads Baptist Church, 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; and WHEREAS, the developer has requested a one (1) year time extension to complete the public improvements; and WHEREAS, a letter of credit in the amount of $18,611.00 from the Bank of Loudoun was provided by the developer to guarantee the installation of public improvements for the Crossroads Baptist Church; and THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The letter of credit from the Bank of Loudoun in the amount of $18,611.00 is approved to guarantee the installation of public improvements at the Crossroads Baptist Church.