HomeMy Public PortalAbout1994_09_13_R183 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED September 13, 1994
94-183 ADOPTED September 13~ 1994
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR EXETER SECTION 6
WHEREAS, Pulte Home Corporation, the developer of Exeter Section 6, 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 $167,625.63 from NationsBank was provided by
the developer to guarantee the installation of public improvements in Exeter Section 6.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The letter of credit from NationsBank in the amount of $167,625.63 is approved
to guarantee the installation of public improvements in Exeter Section 6.
A time extension to August 6, 1995 for completion of thc public improvements
13th day of
SECTION II.
is approved.
PASSED this
September , 1994.
J James E. Clem, Mayor
Town of Leesburg
ATTEST:
clerk of Council
R:exeter6.res