HomeMy Public PortalAbout1995_07_25_R157The Town of
Leesburg,
.rgtma
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 25. 1995
95-157 ADOPTED Joly 25. 1995
AUTHORIZING A TIME EXTENSION FOR INSTALLATION 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, Pulte Home Corporation was granted a one year time extension in
September, 1994 and work continues in this section; and
WHEREAS, the developer has requested a one (1) year time extension to complete the
public improvements which primarily includes sidewalk, final paving and final grading; and
WHEREAS, a letter of credit from NationsBank in the amount of $167,625.63 was
provided by the developer to guarantee the installation of public improvements for Exeter Section
6; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$167,625.63 and recommends approval of a six month time extension to complete the remaining
public improvements.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. A time extension of six (6) months for the installation of public
improvements is hereby approved for Exeter Section 6.
SECTION II. The letter of credit from NationsBank in the amount of $167,625.63 is
approved to guarantee the installation of public improvements for Exeter Section 6.
A RESOLUTION:
-2-
AUTHORIZING A TIME EXTENSION WITH CONDITIONS FOR
COMPLETION OF PUBLIC IMPROVEMENTS AND APPROVING A
PERFORMANCE GUARANTEE FOR WOODLEA MANOR PHASE 1
PASSED this 2~th day of July , 1995.
ATTEST:
Clerk of Council
/~oTomeS E. Clem,
Mayor
wn of Leesburg