HomeMy Public PortalAbout1996_11_26_R260 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
96-260
PRESENTED November 26: 1996
ADOPTED November 26, 1996
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
EXETER SECTION 11
A;T0fEST: ~, ,~
Clerk of Council
Clem, Mayor
Leesburg
R:exeterl 1.res
WHEREAS, the developer has requested a sixty (60) day time extension to complete the public
improvements; and
WHEREAS, the only item remaining is the regrading of several backyards; and
WHEREAS, a letter of credit in the amount of $243,800.00 from the District of Columbia Riggs
National Bank, confirmed by Riggs National Bank of Virginia was provided by the developer to guarantee
the installation of public improvements for Exeter Section 11; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of $243,800.00
to guarantee installation of the remaining public improvements for Exeter Section 11.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. A time extension of to February 4, 1997 for the installation of public improvements
is hereby approved for Exeter Section 11.
SECTION II. The letter of credit from the District of Columbia Riggs National Bank, confirmed by
Riggs National Bank of Virginia in the amount of $243,800.00 is approved to guarantee the installation of
public improvements for Exeter Section 11.
PASSED this 26th day of November , 1996.
and
WHEREAS, Globe USA, Inc., the developer of Exeter Section 11, 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;