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HomeMy Public PortalAbout1993_09_27SPECIAL MEETING MINU'I~S OF SEPTEMBER 27, 1993 A special meeting of the Leesburg Town Council was held on September 27, 1993, at 8:00 p.m., in the seconded floor Councilmember's meeting room, 25 West Market Street. The purpose of the meetingwas to discuss the Toll Road. Members of the media were notified. The meeting was called to order by Mayor Clem. ROLL CALL Councilmembers present George F. Atwell Georgia W. Bange Ronald W. Blake Joseph R. Trocino (absent) Kristen C. Umstattd (absent) William F. Webb (absent) Mayor James E. Clem Staff members present Town Manager Steven C. Brown Deputy Town Manager Deborah Welsh Also present was: Mr. Bob Gordan, Shaw, Pittman, Potts & Trowbridge and Mr. David McHenry MOTION Councilmember Blake made the following motion. We, the undersigned, being members of the Town Council of the Town of Leesburg, in Virginia, do severally waive all statutory and Charter requirements as to notice of time, place and purpose of a special meeting of the Leesburg Town Council, to be held on Monday, September 27, 1993 at 8:00 p.m., to be held in the first floor executive conference room, 25 West Market Street, Leesburg, Virginia for the purpose of discussing the Toll Road. The motion was seconded by Councilmember Bange. VOTE Nay: Absent: Councilmembers Atwell, Bange, Blake and Mayor Clem None Councilmember Trocino, Umstattd and Webb After some discussion, the following motion was made. MOTION On motion of Ms. Bange, seconded by Mr. Blake, the following resolution was proposed and adopted. 93-180 - RESOLUTION: AUTHORIZING AN AMENDMENT OF THE ESCROW AGREEMENT FOR THE RECORDATION OF CERTAIN TOLL ROAD RELATED DOCLIMEN'I~ WHEREAS, the Town of Leesburg (Town) and the Toll Road Corporation of Virginia (TRCV) executed an Implementation Agreement effective July 28, 1992, regarding installation and maintenance of public improvements for the Town required by the construction of the Dulles Toll Road Extension to Leesburg (DTRE) and public improvements related thereto; and WHEREAS, the Town, TRCV and Real Title Company, Inc. entered into an Escrow Agreement effective July 28, 1992, setting forth terms and conditions of escrow documents and release thereof which was made a part of the Implementation Agreement; and WHEREAS, the TRCV requested the Town Council waive a proyision of the Escrow Agreement to allow the recordation of documents for certain properties in a timely fashion prior to closing on their financing; and WHEREAS, the timely acquisition of these vital properties is required to ensure the DTRE's success; and WHEREAS, the Town Council has historically encouraged the completion of the DTRE to serve as an economic development asset for the town. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The following documents are hereby authorized to be released from escrow and recorded and the escrow agreement shall be modified to reflect such release: Royco subdivision plats and easements number 96, 89, 39 and the Ours subdivision plats and easement number 40. SECTION II. The Mayor is authorized to sign a second amendment to the Escrow Agreement reflecting such modifications referred to in Section I, in a form approved by the Town Attorney. SECTION III. The remainder of the town's Implementation Agreement and Escrow Agreement with TRCV shall remain in full force and effect and no construction shall begin on this property or any property associated with the DTRE until the requisite bond and insurance policy are provided to the Town. VOTE Nay: Absent: Councilmembers Atwell, Bange, Blake and Mayor Clem None Councilmember Trocino, Umstattd and Webb MOTION On motion of, and duly seconded the meeting was adjourned. Clerk of Codncil ~ Town of Leesburg