HomeMy Public PortalAbout1991_12_10_R279The Town of
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RESOLUTION NO.
A RESOLUTION:
PRESENTED December 10, 1991
91-279 ADOPTED December 10, 1991
AMENDING TOWN OF LEESBURG RESOLUTION
ESTABLISHING CONDITIONS FOR FUNDING FOR
RENAISSANCE, INC.
NO. 90-160,
LEESBURG
WHEREAS, Resolution No. 90-160, adopted June 27, 1990, established the conditions for the
funding of the Leesburg Renaissance program; and
WHEREAS, this town policy provides that the Town Council must approve matching funding
to Renaissance on an incremental basis and up to a maximum annual amount, only after Renaissance
has received revenues from a special event or other fund raising activity; and
WHEREAS, Leesburg Renaissance, Inc. has been successful at raising matching funding from
private sector contributions through memberships and promotional events; and
WHEREAS, the Leesburg Renaissance, Inc. Board of Directors has requested that the Town
Council consider providing funding to Renaissance in the form of regular monthly payments in lieu of
the present system to assist the organization in budgeting its month to month overhead; and
WHEREAS, Leesburg Renaissance, Inc. will continue to guarantee matching funds equal to or
greater than the annual funding received from the Town of Leesburg:.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
Town funding for Leesburg Renaissance, Inc., is subject to the following conditions:
A. The town manager, or his designee, shall be appointed to the Leesburg Renaissance, Inc.
Board of Directors.
Effective Janua .fy 1, 1992, the remaining budgeted balance for this fiscal year shall be
distributed to Leesburg Renaissance, Inc. in the form of six equal monthly payments.
C. Town funding must be matched by private sector contributions. If private funding falls
short of the required matching amount for this or any future year, the difference will
be subtracted from the following year's monthly payments from the town.
D. Special events should be located at various locations throughout the town to benefit the
entire business community. Active participation of the town's entire business
community shall be encouraged in the design and implementation of the Leesburg
Renaissance program.
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A RESOLUTION AMENDING THE CONDITIONS FOR FUNDING LEESBURG RENAISSANCE, INC.
Leesburg Renaissance, Inc. shall be required to submit to the town manager a written
monthly activity report and financial statement. In the event that the Council is not
satisfied that private funds will match the public contribution during the fiscal year this
Council may have the authority to cancel this resolution.
PASSED this 10th day of December, 1991.
ATTEST:
Clerk of Council
Robert E Sevila, 'Mayor
Town of Leesburg