HomeMy Public PortalAbout1996_08_13_R178The Town of
Leesburg,
.rg ma
RESOLUTION NO.
A RESOLUTION:
PRESENTED August 13, 1996
96-178 ADOPTED August 13, 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR FORT BEAUREGARD TOWNHOUSES
, 1996.
mes E Clem, Mayor
Town of Leesburg
R:ftbeau.res
ATTEST:
Clerk of Council
PASSED this i3th day of August
WHEREAS, F & M Bank - Winchester, the developer of Fort Beauregard Townhouses, 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 extension adopted on February 13, 1996; and
WHEREAS, the current contract expired on August 2, 1996 and the developer has requested a
ninety (90) day time extension to complete the public improvements; and
WHEREAS, a letter of credit in the amount of $67,500.00 from F & M Bank - Massanutten in
Harrisonburg, Virginia was provided by the developer to guarantee the installation of public
improvements for the Fort Beauregard Townhouses; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of
$67,500.00 to guarantee installation of the remaining public improvements for the Fort Beauregard
Townhouses.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. A time extension of ninety (90) days for the installation of public improvements
is hereby approved for the Fort Beauregard Townhouses.
SECTION II. The letter of credit from F & M Bank - Massanutten in the amount of $67,500.00
is approved to guarantee the installation of public improvements for the Fort Beauregard Townhouses.