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HomeMy Public PortalAbout1995_11_28_R236The Town of Leesburg, .rg nta PRESENTED November 28, 1995 RESOLUTION NO. 95-236 ADOPTED November 28, 1995 A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR PATOWMACK POWER PLANT WHEREAS, Patowmack Power Plant, the developer of the Patowmack Power Plant, 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, Council Resolution #94-248 adopted on November 22, 1994 authorized a one year time extension for completion of the public improvements at the Patowmack Power Plant; and WHEREAS, the developer has requested another one (1) year time extension to complete the public improvements; and WHEREAS, a cash performance bond in the amount of $25,000.00 was provided by the developer to guarantee the installation of public improvements for the Patowmack Power Plant. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The cash performance bond in the amount of $25,000.00 is approved to guarantee the installation of public improvements for the Patowmack Power Plant. SECTION II. A improvements in approved. PASSED this time extension to November 18, 1996 for completion of the public 28th day of November ATTEST: Clerk of Council , 1995. J~mes E. Clem, Mayor 'Town of Leesburg R:pwrplnt.res