HomeMy Public PortalAbout1996_07_23_R165The Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED July 23, 1996
96-165 ADOPTED July 23, 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR EXETER SECTION 4
PASSED this 23rd day of July
ATE ·
Clerk of Council
, 1996.
J2~nes E. Clem, Mayor
/l'own of Leesburg
R:exesec4.res
WHEREAS, Pulte Home Corporation, the developer of Exeter Section 4, 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 one (1) year time extension to complete the public
improvements; and
WHEREAS, a letter of credit in the amount of $259,300.00 from NationsBank was provided by
the developer to guarantee the installation of public improvements for Exeter Section 4; and
WHEREAS, the Director of Engineering and PuNic Works has approved the amount of
$259,300.00 to guarantee installation of the remaining public improvements for Exeter Section 4.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. A time extension of one (1) year for the installation of public improvements is
hereby approved for Exeter Section 4.
SECTION II. The letter of credit from NationsBank in the amount of $259,300.00 is approved
to guarantee the installation of public improvements in Exeter Section 4.