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HomeMy Public PortalAbout1978_09_13_R161RESOLUTION NO. A RESOLUTION: TOWN OF LEESBURG IN LOUDOUN COUNTY, VIRGINIA PRESENTED AMENDED 78-161 ADOPTED September 13~ 1978 September 13~ 1978 September 13~ 1978 AUTHORIZING THE PURCHASE OF LAND OWNED BY FOODMAKER, INC., IN LEESBURG, VIRGINIA, FOR THE DEVELOPMENT OF AN OFF-STREET PARKING FACILITY; AUTHORIZING BIDS FOR BOND ANTICIPATION NOTES; AND MAKING AN APPROPRIATION WHEREAS, the Downtown Business Association has recommended the town purchase land presently owned by Foodmaker, Inc., on the south side of Loudoun Street at the intersection with South Harrison Street for development into an off-street, paved, long- term parking facility; and WHEREAS, this Council has received an executed Option Agree- ment from Foodmaker, Inc., which expires October 15, 1978; and WHEREAS, this Council has found that development of this parking facility is necessary and in the public interest; and WHEREAS, the Leesburg Planning Commission has advised this Council, pursuant to Section 15.1-456 of the Code of Virginia, that the general location, character, and extent of the proposed facility is substantially in accordance with the Leesburg Compre- hensive Plan: THEREFORE, RESOLVED by the Council of the Town of Leesburg, Virginia, as follows: SECTION I. The purchase of land owned by Foodmaker, Inc., containing approximately 27,442.8 square feet and more particu- larly described in the aforementioned Option Agreement is author- ized subject to the terms and conditions described in the Option Agreement. SECTION II. It is the intent of this Council that this land be developed by the town into a properly landscaped, asphalt- surfaced parking facility for the use of the public for long- term parking. Funds necessary to acquire this land and develop it into a public parking lot will be derived from bond antici- pation notes for which bids from banks and savings and loan insti- tutions shall be solicited. This project shall be refinanced by the sale of general obligation bonds. SECTION III. The manager is authorized and directed to se- cure from a qualified engineering consultant complete bidding docu- ments for the development of this facility, which shall be reviewed and approved by this Council. SECTION IV. This Council shall accept sealed bids at 7:30 p.m., EST, Wednesday, September 27, from banks and savings and loan insti- tutions for bond anticipation notes in the amount of $150,000. SECTION V. Effective upon receipt of the proceeds of the sale of bond anticipation notes, the following appropriation from the general fund is made for the fiscal year ending June 30, 1979: Account Name Land Acquisition PASSED this 13th ATTEST: er o C~ncil Account Code Amount 10400. 801 $85,000 day of September , 1978.