HomeMy Public PortalAbout1984_10_10_R179The Town of Leesburg in Virginia
RESOLUTION NO. 84-179
ADOPTED October 10, 1984
PRESENTED October 10, 1984
RESOLUTION: ESTABLISHING MARKETING POLICIES FOR SOUTH HARRISON STREET TOWNHOUSE PROJECT
WHEREAS, the Town of Leesburg received a $1.35 million community develop-
ment block grant which included funds to assist in the construction of residential
townhouses; and
WHEREAS, Market Square Associates submitted a proposal to the town on May 15,
1984 for construction of the townhouses; and
WHEREAS, the Council awarded exclusive negotiating rights to Market Square
Associates, Inc. and appointed a negotiating committee; and
WHEREAS, the negotiating committee and Market Square Associates, Inc. reached
general agreement on the principles for development of the VEPCO tract; and
WHEREAS, the Council authorized the execution of a memorandum of understanding
between the town and Market Square Associates, Inc. on September 26, 1984; and
WHEREAS, the Town Council seeks to establish a priority system for marketing
of the townhouses:
THEREFORE, RESOLVED by the Town Council of the Town of Leesburg in Virginia as
follows:
SECTION I. A plan for marketing the South Harrison Street townhouses is here-
by established as follows:
1. Market Square Associates shall not discriminate in the marketing or sale
of the townhouse units on the basis of race, color, national origin or sex.
2. The townhouses must be sold to low-or moderate-income persons and shall be
financed through the Virginia Housing Development Author±ty's Home Ownership
Program or a similar mechanism. Buyers shall meet VHDA eligibility stan-
dards.
3. Qualified buyers shall be solicited on a first-come, first-served basis
according to the priorities established below:
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A. First priority shall be given to Leesburg residents. Residency shall
be established by showing a valid driver's license with an address
within the Leesburg corporate limits.
B. Second priority shall be given to persons residing outside the Leesburg
corporate limits but inside Loudoun County. Residency shall be esta-
blished by showing a valid driver's license with a Loudoun County
address.
C. Third priority shall be given to persons residing outside of Leesburg
and Loudoun County.
D. Market Square Associates, Inc. shall be responsible for soliciting
potential buyers according to the criteria listed above. Initial
advertising shall be limited to the Loudoun Times Mirror and WAGE
Radio for a period of thirty days. If an insufficient number of
qualified buyers in priority categories one and two are found, Market
Square Associates may expand their marketing program and accept
qualified buyers from priority category three.
SECTION II. The manager is authorized to monitor compliance with the marketing
plan established above.
SECTION III. This resolution shall be in effect upon its adoption.
PASSED this 10th day of October , 1984.
Town of Leesburg
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