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HomeMy Public PortalAbout2000_04_25_r080The Town of eesburg, '5 irginia RESOLUTION NO. 2000-80 PRESENTED April 25, 2000 ADOPTED April 25, 2000 A RESOLUTION: AUTHORIZING A TIME EXTENSION FOR COMPLETION OF PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR THE KIRKPATRICK PROPERTY SUBDIVISION WHEREAS, Grove at Morven Park, LLC, the developer of the Kirkpatrick Property Subdivision, 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 ninety (90) day time extension to complete the public improvements; and WHEREAS, a letter of credit in the amount of $65,212.00 from the Provident Bank of Maryland was provided by the developer to guarantee the installation of public improvements in the Kirkpatrick Property Subdivision; and WHEREAS, the town's Director of Engineering and Public Works recommends a ninety (90) day time extension for completion of the public improvements. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The letter of credit from the Provident Bank of Maryland in the amount of $65,212.00 is approved to guarantee the installation of public improvements in the Kirkpatrick Property Subdivision. SECTION II. A ninety (90) day time extension for completion of the public improvements is approved. PASSED this 25th day of April 2000. ATTEST: Clerk of Co~ncil Jafnes E. Clem, Mayor Town of Leesburg R:Kirkpatrick