HomeMy Public PortalAbout1995_06_13_R117 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED June 13. 1995
95-117 ADOPTED June 13, 1995
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR EXETER SECTION 3
PASSED this 13th day of June
A~TEST:
Clerk of Council
, 1995.
Ja~es E. Clem, Mayor
Town of Leesburg
R:exeter3.res
WHEREAS, Pulte Home Corporation, the developer of Exeter Section 3, 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 six (6) month time extension to complete the public
improvements; and
WHEREAS, a letter of credit in the amount of $303,051.00 from NationsBank, was provided by
the developer to guarantee the installation of public improvements for Exeter Section 3; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$303,051.00 to guarantee the installation of the remaining public improvements for Exeter Section 3.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. A time extension to October 29, 1995 for the installation of public improvements
is hereby approved for Exeter Section 3.
SECTION II. The letter of credit from NationsBank in the amount of $303,051.00 is approved
to guarantee the installation of public improvements for Exeter Section 3.