HomeMy Public PortalAbout1986_01_08_R011The Town of Leesburg in Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED January 8, 1986
86-11 ADOPTED January 8, 1986
AUTHORIZING A LEASE AGREEMENT WITH MARKET SQUARE ASSOCIATES
FOR TEMPORARY PARKING ON PARCEL 2 OF THE VEPCO TRACT
WHEREAS, Market Square Associates desires to lease Parcel 2 of the Vepco
Tract on South Harrison Street for temporary parking; and
WHEREAS, a contract between Market Square Associates and the Town of
Leesburg provides that Market Square Associates will purchase Parcel 2 of the
Vepco Tract on or before April 1, 1986, for development purposes consistent with
the HUD CDBG redevelopment objectives for the South Harrison Street area; and
WHEREAS, it has been determined that a lease agreement that allows tem-
porary parking on this parcel is in the public interest:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The manager is authorized to execute a lease agreement with
Market Square Associates for Parcel 2 of the Vepco Tract in a form approved by
the Town Attorney.
SECTION II. Lease payments will be in the amount of $1,000 per month and
will begin when grading permits are obtained to construct the temporary parking
lot and will cease when the property is purchased by Market Square Associates.
SECTION III. The lease agreement will allow temporary parking on Parcel 2
until October 1, 1986.
PASSED this 8th
ATTE ST:
~lerk of/ouncil
day of January 1986,
/7
Robert E. Se~ila, Mayor
Town of Leesburg