HomeMy Public PortalAbout1988_10_25_R198Lces~urg in ~rirginin
Substitute Resolution
RESOLUTION NO.
A RESOLUTION:
PRESENTED October 25,~ 1988
88-198 ADOPTED October 25,. 1988
PLEDGING MUNICIPAL FUNDS TO ASSIST WITH THE PURCHASE OF
DODONAMANOR
WHEREAS, the former home of General George C. Marshall (hereinafter
referred to as "Dodona Manor") represents one of the town's premiere
historic, architectural and environmental resources; and
WHEREAS, Dodona Manor, through its preservation, will form a sensitive
linkage between the residential character of Edwards Ferry Road and
commercial uses of downtown Leesburg, enhancing the gateway to Leesburg's
historic district; and
WHEREAS, significant development interest has surfaced in the purchase
and commercial development of Dodona Manor, which would severely diminish
the public value of this resource and preclude any future potential
preservation and public use of Dodona Manor; and
WHEREAS, in April of 1988 the Council created the ad hoc Dodona Manor
Preservation Committee and that committee, working with the George C.
Marshall Foundation, has recommended the town purchase Dodona Manor with
funds derived from the town government, private sources and future grants
from the National Endowment for the Arts and Virginia Historic Landmarks
Commission; and
WHEREAS, this Council has fostered public debate concerning the town's
role in the purchase, preservation and use of Dodona Manor through a series
of news releases, the Lamplighter and a public hearing; and
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RESOLUTION - PLEDGING MUNICIPAL FUNDS FOR THE PURCHASE OF DODONA ~%NOR
WHEREAS, Ordinance No. 88-0-35, adopted October 25, 1988, authorizes
the use of up to one million dollars in previously issued general
obligation bond funds to purchase Dodona Manor; and
WHEREAS, the land and improvements were appraised at $3,891,203 by
David C. Leroy, CREA; and
WHEREAS, the present owners desire to donate the appraised value of the
improvement, set forth as $482,000 in the appraisal; and
WHEREAS, this reduces the net purchase price to $3,409,000; and
WHEREAS, this Council wishes to also make available $409,000 in utility
funds toward the purchase of this property, conditioned on a full repayment
to the utility fund from the future proceeds of the Dodona Manor
fundraising campaign:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
SECTION I. The Town of Leesburg hereby agrees to make payment in the
amount of one million dollars from its previously issued general obligation
bond funds pursuant to Ordinance No. 88-0-35, as well as $409,000 from its
utility fund toward the purchase of Dodona Manor under fee simple ownership
of the Town of Leesburg, subject to the following conditions:
A. The conveyance of these funds to the present owners of
Dodona Manor and settlement thereon shall occur at the time
the balance of the purchase price is collected and made
available to the Town of Leesburg.
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RESOLUTION - PLEDGING MUNICIPAL FUNDS FOR THE PURCHASE OF DODONAMANOR
B. Ail funds received through this committee, or other
fundraising mechanisms authorized to benefit Dodona Manor, in
excess of the balance needed to meet the purchase price,
shall be paid forthwith to the Town of Leesburg to
reimburse the utility fund in the principal amount of
$409,000.
C. The ad hoc fundraising committee shall submit a monthly
narrative report and accounting of pledges to the town
manager's office.
SECTION II. This financial commitment shall be re-evaluated six months
from the passage of this resolution or sooner if changed conditions warrant.
PASSED this 25th day of
October ~ , 1988.
Robert E, Sevila, Mayor
Town of Leesburg
ATTEST:
Clerk of Juncil