HomeMy Public PortalAbout1999_01_26_r015The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED January 26, 1999
99-15 ADOPTED January 26, 1999
AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC
IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE
FOR WOODLEA HILLS
WHEREAS, Woodlea Hills, L.C., the developer of Woodlea Hills, 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 letter of credit in the amount of $62,305.10 from the Virginia First Savings Bank
was provided by the developer to guarantee the installation of public improvements in Woodlea Hills.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The letter of credit from the Virginia First Savings Bank in the amount of
$62,305.10 is approved to guarantee the installation of public improvements in Woodlea Hills.
SECTION II. A one (1) year time extension to December 3, 1999 for completion of the public
improvements is approved.
PASSED this 26th day of January, 1999.
Clerk of Council
· Clem, Mayor
Town of Leesburg
R:woodhlls