HomeMy Public PortalAbout1985_10_09_R185The Town of Leesburg in Virginia
PRESENTED
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RESOLUTION NO. 85-185 ADOPTED Octnhmr q: ]qRq
A RESOLUTION: AUTHORIZING OPTION AGREF2IENTS WITH LEEGATE CORPORATION, N.V,
FOR LOTS IN LEEGATE INDUSTRIAL PARK
WHEREAS, Leegate Corporation, N.V. ("Leegate") is the owner of certain
property located in the Town of Leesburg, Loudoun County, Virginia, fronting
on the South side of State Route 7; and
WHEREAS, Leegate has an approved preliminary subdivision plat and a
pending record plat for an industrial park subdivision to be known as
"Leegate Industrial Park"; and
WHEREAS, the State Community Certification Program requires the Town to
control 20 acres of developable industrial sites and the availability of such
sites will enhance the Town's competitive marketing position; and
WHEREAS, it is the desire of Leegate and Leesburg to enter into one or
more Option Agreements to provide for an option for Leesburg to purchase
lots totalling approximately 20 acres at a price of $2.50 per square foot in
this proposed Leegate Industrial Park Subdivision:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
The Town Manager, on behalf of the town, is hereby authorized to enter
into one or more option agreements with Leegate Corporation, N.V. in the
form attached as necessary to secure options on lots totalling at least
twenty acres within Leegate Industrial Park for the purposes set out in this
Resolution.
PASSED this
ATTEST:
9th day of
October , 1985.
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