HomeMy Public PortalAbout1997_06_10_R144The Town of
Leesburg,
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RESOLUTION NO. 97-144
A RESOLUTION:
PRESENTED June 10, 1997
ADOPTED June 10, 1997
RESCINDING RESOLUTION NO. 96-245 ADOPTED ON NOVEMBER 19,
1996 WHICH AUTHORIZED AN AGREEMENT AND APPROVED A
PERFORMANCE GUARANTEE AND WATER AND SEWER EXTENSION
PERIMTS FOR KINCAID FOREST SUBDIVISION SECTION 10B
lem, Mayor
Leesburg
Clerk of Council
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WHEREAS, on November 19, 1996 the Leesburg Town Council adopted Resolution #96-245
which authorized an agreement and approved a performance guarantee and water and sewer extension
permits for Kincaid Forest Subdivision Section 1 OB; and
WHEREAS, to date, the town has not received the contract for public improvements or the
performance guarantee from American Motorists Insurance Company from the developers, Leegate
Corporation N.V. and First Potomac Development Company; and
WHEREAS, the town has received notice that Leegate Corporation N.V. filed for bankruptcy
under Chapter 11 of the Bankruptcy Code on April 23, 1997.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
Resolution No. 96-245 adopted on November 19, 1996 is hereby rescinded.
PASSED this 10th day of June ,1997.