HomeMy Public PortalAbout1998_10_27_R242The Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED October 27, 1998
98- 262 ADOPTED October 27, 1998
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR EXETER HILLS SECTION 5B
K. Hovnanian Companies, the developer of Exeter Hills Section 5B, has not
amount of $123,339.38 was provided by the
improvements in Exeter Hills Section 5B.
SECTION II. A time extension to
improvements is approved.
PASSED this 27th day of October, 1998.
Clerk of Council
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
developer to guarantee the installation of public
September 11, 1999 for completion of the public
/I~mes E. Clem, Mayor
To'- own f Leesburg
R:exehlSB
WHEREAS,
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 $123,339.38 from The American
Insurance Company was provided by the developer to guarantee the installation of public improvements
in Exeter Hills Section 5B.