HomeMy Public PortalAbout1985_11_13_R199The Town of Leesburg in Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED November 13, 1985
85-199 ADOPTED November 13~ 1985
APPROVING THE PROPOSED HOUNDSCHASE MULTI-FAMILY RESIDENTIAL
HOUSING DEVELOPMENT FOR VHDA FINANCING
WHEREAS, Fralin & Waldron, Inc., have applied to the Virginia Housing
Development Authority (VHDA) for conventional financing for 120 multi-family
rental housing units known as Houndschase on proposed Davis Avenue extended
off of Sycolin 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
disapprove the proposed Houndschase project; and
WHEREAS, this project as proposed will provide 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 Houndschase project is approved by the Town for VHDA
financing under the conventional multi-family residential housing development
program, provided that financing utilizes Series 1985 bonds.
SECTION II. Adoption of this resolution does not constitute town
approval of the development plan for this project.
SECTION III. The Mayor is directed to sign the VHDA Certification of
approval, which shall be forwarded to VHDA with this resolution.
PASSED this 13th day of
ATTEST:
Clerk of C~ncil
November , 1985.
R~bert E. Se~tila, Mayor
Town of Leesburg