HomeMy Public PortalAbout1997_02_11_R030The Town of
Leesburg,
* * PRESENTED February 11, 1997
rg ma
RESOLUTION NO. 97=30 ADOPTED February 11, 1997
A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR
EXETER SECTION 6 & 7
and
WHEREAS, the developer has requested a six month time extension to complete the public
improvements; and
WHEREAS, a letter of credit in the amount of $167,626.00 for Exeter Section 6 and $274,622.40
for Exeter Section 7 from NationsBank was provided by the developer to guarantee the installation of public
improvements for Exeter Section 6 & 7; and
WHEREAS, the Director of Engineering and Public Works has approved the amount of $167,626.00
and $274,622.40 to guarantee installation of the remaining public improvements for Exeter Section 6 & 7.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. A time extension of six (6) months for the installation of public improvements is hereby
approved for Exeter Section 6 & 7.
SECTION II. The letters of credit from NationsBank in the amount of $167,626.00 for Exeter
Section 6 and $274,622.40 for Section 7 are approved to guarantee the installation of public improvements.
PASSED this !lth day of February , 1997.
ATTEST:
Clerk of Council
.,ldmes E. Clem, Mayor
Town of Leesburg
R: exe6&7, res
WHEREAS, Pulte Home Corporation, the developer of Exeter Section 6 & 7, 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 subsequent time extensions;