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HomeMy Public PortalAbout1978_06_14_R112RESOLUTION NO. TOWN OF LEESBURG IN LOUDOUN COUNTY, VIRGINIA PRESENTED June 14, 1978 78-112 ADOPTED 3une 14, 1978 A RESOLUTION: MAKING AN ADDITIONAL APPROPRIATION FOR CONSTRUC- TION OF IMPROVEMENTS AT LEESBURG MUNICIPAL AIRPORT WHEREAS, the Leesburg Airport Commission has reviewed and endorsed the need for reconstruction of a portion of the Lees- burg Airport runway; and WHEREAS, these additional repairs are necessary to the Federal Aviation Administration's final approval of the work and authorization of final grant payments to the town for this project: THEREFORE, RESOLVED by the Council of the Town of Leesburg, Virginia, as follows: SECTION I. The manager is authorized and directed to exe- cute Change Order No. 3 for ADAP Project No. 5-51-0021-01 for additional pavement removal and replacement required because of poor subbase materials under certain portions of the existing runway. SECTION II. If required, a loan of unencumbered utility fund balances in the amount of $25,679.50 is hereby authorized to the airport fund to be paid from future revenues of the air- port fund with interest at 6 per cent per annum compounded annually. -2- SECTION III. An appropriation in the amount of $25,679.50 is made to Account No. 30000.824, Airport Improvements. PASSED this 14th day of June , 1978. ATTEST: Clerk~f Council 'Mary ~nne Newman, Mayor Town of Leesburg