HomeMy Public PortalAbout1985_03_27_R048 TheTown qLeesbu~ in Vi~inM
PRESENTED March 27, 1985
RESOLUTION NO. 85-48 ADOPTED March 27, 1985
A RESOLUTION: APPROVING THE PROPOSED TUDOR KNOLL MULTI-FAMILY RESIDENTIAL
HOUSING DEVELOPMENT FOR VHDA FINANCING
WHEREAS, T & K, Inc. and Raymond C. Hawkins Construction Company, Inc. have
applied to the Virginia Housing Development Authority (VBDA) for conventional
financing for 168 multi-family rental housing units known as Tudor Knoll,
Phase I on South Fort Evans Road within the Town of Leesburg; and
WHEREAS, pursuant to Section 36-55.39(B) of the Code of Virginia, the
VHDA has provided the Town of Leesburg with the opportunity to approve or dis-
approve the proposed Tudor Knoll project; and
WHEREAS, the developers have agreed through correspondence dated March 12
and March 22, 1985, to bond the recreational amenities planned for the project
in the amount of $170,000 and to contribute one-third the cost, not to exceed
$40,000, for the construction of a traffic light at the intersection of East
Market Street and Fort Evans Road as soon as warranted by VDH&T standards; and
WHEREAS, this project as proposed will provide attractive and needed quality
rental housing for the citizens of Leesburg:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The Tudor Knoll, Phase I, project is approved by the Town for
VHDA financing under the conventional multi-family residential housing develop-
ment program, with the understanding that the associated traffic signal installa-
tion shall be bid in accordance with applicable Leesburg and VDH&T purchasing
requirements.
SECTION II. Adoption of this resolution does not constitute town approval
of the development plan for this project.
knoll
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TUDOR KNOLL VHDA FINANCING
SECTION III. The Mayor is directed to sign the VHDA Certification of
Approval, which shall be forwarded to VHDA with this resolution.
PASSED this 27th day of
ATTE ST:
Clerk of C~ncil
March , 1985.
Town of Leesburg
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