HomeMy Public PortalAbout1988_10_25_O035 PRESENTED October 25 ~ 1988
ORDINANCE NO. 88-0-35 ADOPTED October 25, 1988
AN ORDINANCE: AMENDING ORDINANCE NO. 87-0-27 AND RESOLUTION NO. 88-93
TO ALLOCATE A PORTION OF THE PROCEEDS OF THE TOWN OF
LEESBURG GENERAL OBLIGATION BONDS FOR THE ACQUISITION OF
DODONA MANOR
WHEREAS, the Town Council ("Council") of the Town of Leesburg, Virginia
("Town") adopted Ordinance No. 87-0-27 ("Bond Ordinance") on October 14,
1987, authorizing the issuance of not to exceed $10,000,000 general obliga-
tion bonds of the Town to finance the acquisition, construction, equipping
and improvement of various public improvements, including a municipal gov-
erruuent center and parking complex, an aquatic center and gymnasium, the
public works complex and the Phase VI Storm Drainage Project; and
WHEREAS, the Town issued its $5,000,000 General Obligation Public Im-
provement Bonds, Series 1987 ("Series 1987 Bonds") pursuant to the Bond
Ordinance; and
WHEREAS, the Town issued its $5,000,000 General Obligation Public Im-
provements Bonds, Series 1988 ("Series 1988 Bonds") pursuant to the Bond
Ordinance and Resolution No. 88-93 adopted May 11, 1988 ("Bond Resolu-
tion''); and
WHEREAS, the Town Council has determined that it is desirable to fi-
nance the acquisition of certain real estate and improvements thereon known
as "Dodona Manor" to be used as an historic site and museum:
THEREFORE, ORDAINED by the Council of the Town of Leesburg in Virginia
as follows:
SECTION I. The Bond Ordinance and the Bond Resolution are hereby amend-
ed to authorize the use of proceeds of the Series 1987 Bonds and the Series
-2-
AMENDING ORDINANCE NO. 87-0-27 AND RESOLUTION NO. 88-93 TO ALLOCATE A POR-
TION OF THE PROCEEDS OF THE TOWN OF LEESBURG GENERAL OBLIGATION BONDS FOR
THE ACQUISITION OF DODONA MANOR
1988 Bonds as follows:
Purchase of Dodona Manor
Municipal Government Center/Parking Complex
Aquatic Center/Gymnasium
Public Works Complex
Phase VI Storm Drainage Project
Total
$ 1,000,000
3,397,000
4,039,000
1,000,000
564,000
$10,000,000
Any amounts not necessary for a particular project may be allocated to
other projects listed above.
SECTION II. The appropriate officers and agents of the Town are author-
ized and directed to take such further action as they deem necessary to
implement the amendment set forth in this Ordinance and all such actions
previously taken are hereby ratified and confirmed.
SECTION III. Except as amended by this Ordinance, the Bond Ordinance
and the Bond Resolution shall remain in full force and effect.
SECTION IV.
PASSED this 25th day of
ATTEST:
This Ordinance shall take effect immediately.
October
Robert E. Sevila, Mayor
Town of Leesburg
Clerk of/ouncil
The undersigned Clerk of the Town Council of the Town of Leesburg,
Virginia, certifies that the foregoing constitutes a true, complete and
correct copy of the Ordinance adopted at a regular meeting of the Town
Council of the Town of Leesburg, Virginia, held on October 25, 1988.