HomeMy Public PortalAbout1990_08_08_R221LeesbVdrg in ~Zirginia
PRESENTED August 8, 1990
RESOLUTION NO. 90-221 ADOPTED August 8, 1990
A RESOLUTION: AUTHORIZING AN EXTENSION OF THE OPTION AGREEmeNT FOR THE PURGP~SE
OF DODONA MANOR AND CONFIRMING THE PLEDGE OF ~NICIPAL FUNDS TO
ASSIST WITH ITS PURCHASE
WHEREAS, Dodona Manor represents one of the town's premiere historic, archi-
tectural and environmental resources; and
WHEREAS, the Town of Leesburg on October 25, 1988, pledged $1,000,000 in
general obligation bond funds pursuant to Ordinance No. 88-0-35, as well as
$409,000 from its utility fund, as a loan, for the purchase of Dodona Manor; and
WHEREAS, the George C. Marshall Preservation Fund, Inc. was created to raise
from private sources the balance of the funds necessary to acquire the property,
on behalf of the town; and
WHEREAS, the Council on May 23, 1989, authorized an option agreement for the
purchase of Dodona Manor which requires the exercise of the option by August 31,
1990, and settlement on the purchase by September 30, 1990; and
WHEREAS, said agreement will likely expire without the necessary proceeds to
exercise the option and/or settle on the purchase of the property; and
WHEREAS, the owner of the property has offered to extend the period for the
town to exercise the option and settle on the property to March 31, 1991, in return
for continued quarterly option extension payments that will be applied to the pur-
chase price; and
WHEREAS, this Council desires to authorize said extension and to reconfirm its
pledge of general fund and utility fund revenues to support the acquisition of Do-
dona Manor:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
RESOLUTION:
-2-
AUTHORIZING AN EXTENSION OF THE OPTION AGREEMENT FOR DODONA ~.tANOR
SECTION I. The Mayor of the Town of Leesburg is authorized and directed to
execute an extension of the option agreement by and between Molly B. Winn and the
Town of Leesburg, under the same terms and conditions of the existing option
agreement to require a payment of $215,000.00 to apply to the purchase price on
February 28 to exercise the option agreement and settlement by March 31, 1991, to
include payment of the balance of the purchase price as set forth in the existing
option agreement.
SECTION II. This Council reconfirms Council Resolution No. 88-198, adopted
October 25, 1988, and its pledge of $1,000,000 from its previously issued general
obligation bond funds as well as $409,000 from its utility fund toward the purchase
of Dodona Manor. All funds received through the preservation fund, or other fund
raising 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.
PASSED this 8th day of August
ATTEST:
Clerk of C~uncil
, 1990.
Robert E. Sevila, Mayor
Town of Leesburg
egsl~u°~rg in ~rirginin
PRESENTED September 5, 1990
ADOPTED September 5, 1990
RESOLUTION NO. 90-221A
A RESOLUTION: CERTIFYING EXECUTIVE SESSION OF SEPTEMBER 5, 1990
WHEREAS, the Town Council of the Town of Leesburg has this day convened in Executive
Session in accordance with an affirmative recorded vote of the Town Council of the Town of Leesburg
and in accordance with the provisions of the Virginia Freedom of Information Act:
NOW, THEREFORE, BE IT RESOLVED that the Town Council of the Town of Leesburg does
hereby certify that to the best of each member's knowledge, 1) only public business matters lawfully
exempted from open meeting requirements under the Freedom of Information Act were discussed in
the Executive Session to which this certification applies; and 2) only such public business matters as
were identified in the Motion by which the said Executive Session was convened were heard, discussed
or considered by the Town Council of the Town of Leesburg.
PASSED this 5th day of September, 1990.
Robert E. S~vila, Mayor
Town of Leesburg
ATTEST:
Clerk of Council '