HomeMy Public PortalAbout1996_11_26_R261 The Town o~
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED Novornhor 96 1996
96-261 ADOPTED November 26: ]qq6
AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
THE FORT BEAUREGARD TOWNHOUSES
and
WHEREAS, a letter of credit in the amount of $67,500.00 from the 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 to December 10, 1996 for the installation of public improvements
is hereby approved for the Fort Beauregard Townhouses.
SECTION II. The letter of credit from the F & M Bank - Massanutten in the amount of $67,500.00
is approved to guarantee the installation of public improvements for Fort Beauregard Townhouses.
PASSED this 26th day of November 26, 1996 , 1996.
AT,~EST:
/"' 1'
Clerk of Council
J~nesJ es E:E Clem, Mayor
Town of Leesburg
R: ftbeau, res
WHEREAS, F & M Bank, Winchester, the developer of the 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 extensions; and
WHEREAS, the developer has requested a thirty (30) day time extension to complete the public
improvements; and
WHEREAS, the only item remaining is the final paving which has been delayed due to cold weather;