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.