HomeMy Public PortalAbout1996_06_25_R126The Town of
Leesburg,
rgmta
RESOLUTION NO.
A RESOLUTION:
PRESENTED ,June 25, 1996
96- 126 ADOPTED June 25~ 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR GATEWAY LOT 9A - FORT KNOX SELF STORAGE
., 1996
· Clem, Mayor
Leesburg
R:gatewy9A.res
,42I'TEST:
Clerk of Council
Knox Self Storage.
PASSED this 25th day of June
WHEREAS, Williamsborough Development Corporation, the developer of Gateway Lot 9A -
Fort Knox Self Storage, 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 previously approved time extensions; and
WHEREAS, the developer has requested a sixty (60) day time extension to complete the
remaining public improvements; and
WHEREAS, a letter of credit in the amount of $19,736.00 from the Frederick County National
Bank was provided by the developer to guarantee the installation of public improvements for Gateway
Lot 9A - Fort Knox Self Storage; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$19,736.00 to guarantee installation of the remaining public improvements for Gateway Lot 9A - Fort
Knox Self Storage·
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. A time extension of sixty (60) days for the installation of public improvements is
hereby approved for Gateway Lot 9A - Fort Knox Self Storage.
SECTION II. The letter of credit from Frederick County National Bank in the amount of
$19,736.00 is approved to guarantee the installation of public improvements for Gateway Lot 9A - Fort