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HomeMy Public PortalAbout1991_03_28_R072The Town of Leesburg, irginia RESOLUTION NO. A RESOLUTION: PRESENTED March 28, 1991 91-72 ADOPTED March 28, 1991 AUTHORIZING AN EXTENSION OF THE OPTION AGREEMENT FOR THE PURCHASE OF DODONA MANOR WHEREAS, the Town of Leesburg on October 25, 1988, pledged general obligation bond funds pursuant to Ordinance No. 88-0-35 for the purchase of Dodona Manor; and WHEREAS, the George C. Marshall Preservation Fund, Inc. was created to raise the balance of the funds necessary to acquire the property; and WHEREAS, the Council on August 8, 1990, authorized an extension of the option agreement for the purchase of Dodona Manor which requires settlement on the purchase by March 31, 1991; and WHEREAS, said agreement will likely expire prior to the satisfaction of the necessary settlement details; and WHEREAS, this Council desires to authorize an extension to support the acquisition of Dodona Manor: THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: The Mayor of the Town of Leesburg is authorized and directed to execute a second amendment to the option agreement by and between Molly B. Winn and the Town of Leesburg to add another extension period through April 30, 1991, without the payment of any additional option fee in a form approved by the town attorney. PASSED this 28th day of March , 1991. Town of Leesburg ATTEST: Clerk of Council R:Option-Agree