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HomeMy Public PortalAbout1998_06_09_R132The Town of Leesburg, Virginia RESOLUTION NO. A RESOLUTION: PRESENTED June 9, 1998 98-132 ADOPTED June 9, 1998 AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR CROSSROADS BAPTIST CHURCH approved. PASSED this 9t___h.h day of June, 1998. ATTEST: Clerk of Council em, Mayor eesburg R:crsrds WHEREAS, Crossroads Baptist Church, the developer of the Crossroads Baptist Church, 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 one (1) year time extension to complete the public improvements; and WHEREAS, a letter of credit in the amount of $18,611.00 from the Wachovia Bank was provided by the developer to guarantee the installation of public improvements for the Crossroads Baptist Church. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The letter of credit from the Wachovia Bank in the amount of $18,611.00 is approved to guarantee the installation of public improvements for the Crossroads Baptist Church. SECTION II. A time extension to June 21, 1999 for completion of the public improvements is