HomeMy Public PortalAbout1997_12_09_R274The Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED December 9, 1997
97-274 ADOPTED December 9, 1997
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF
PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE
GUARANTEE FOR EXETER HILLS SECTION 5A
WHEREAS, K. Hovnanian at Exeter Hills, Inc., the developer of Exeter Hills Section 5A,
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
WHEREAS, the developer has requested a one (1) year time extension to complete the
public improvements; and
WHEREAS, a corporate surety bond in the amount of $170,691.80 from The American
Insurance Company was provided by the developer to guarantee the installation of public
improvements in Exeter Hills Section 5A.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The corporate surety bond from The American Insurance Company in the
amount of $170,691.80 is approved to guarantee the installation of public improvements in
Exeter Hills Section 5A.
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A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE
GUARANTEE FOR EXETER HILLS SECTION 5A
SECTION ii. A six (6) month time extension to April 9, 1998 for completion of the
public improvements is approved.
PASSED this 9t~ day of December, 1997.
ATTEST:
Clerk of Council
Jan~ E. Clem,
Mayor
Tefwn of Leesburg
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