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HomeMy Public PortalAbout1996_10_23_R224 The Town of Leesburg, Virginia RESOLUTION NO. A RESOLUTION: 96-224 PRESENTED October 23, 1996 ADOPTED October 23, 1996 AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR PATOWMACK POWER PLANT burg R:patowmk.res Clerk of Council PASSED this 23rd day of October , 1996. WHEREAS, Patowmack Partners, Ltd., the developer of the Patowmack Power Plant, has not completed the 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; and WHEREAS, the developer has requested a one (1) year time extension to complete the public improvements; and WHEREAS, a cash 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; and WHEREAS, the Director of Engineering and Public Works has approved the amount of $25,000.00 to guarantee installation of the public improvements for the Patowmack Power Plant. 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 the Patowmack Power Plant. SECTION II. The cash bond in the amount of $25,000.00 is approved to guarantee the installation of public improvements for the Potowmack Power Plant.