HomeMy Public PortalAbout1999_12_14_r368The Town of
Leesburg,
Virginia
PRESENTED December 14, 1999
RESOLUTION NO. 99-368 ADOPTED December 14, 1999
A RESOLUTION: 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, this subdivision is in Loudoun County and the town's bonded improvements are
water and sanitary sewer only; and
WHEREAS, a letter of credit in the amount of $62,305.10 from Virginia First Savings Bank was
provided by the developer to guarantee the installation of public improvements in Woodlea Hills; and
WHEREAS, the Director of Engineering and Public Works recommends a one (1) year time
extension for completion of public improvements for Woodlea Hills.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The letter of credit from 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 for completion of the public improvements is
approved.
PASSED this 14th day of December, 1999.
AT. TEST: .
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Clerk of Council
Clem, Mayor
Leesburg
R:WoodleaHills