HomeMy Public PortalAbout1992_07_14_R129The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 14, 1992
92-129 ADOPTED July 14, 1992
AUTHORIZING AN AGREEMENT BETWEEN THE TOWN OF LEESBURG
AND REYNOLDS METALS DEVELOPMENT COMPANY TO BE EXECUTED
SIMULTANEOUSLY WITH THE PURCHASE OF LAND FROM THE SAME
FOR LEESBURG MUNICIPAL AIRPORT
WHEREAS, the town manager has been authorized to execute an agreement for the purchase
of 15.1 acres of land from Reynolds Metals Development Company for Leesburg Municipal Airport; and
WHEREAS, such settlement is contingent upon simultaneous settlement with Reynolds Metals
Development Company for the purchase from the town of an easement for a stormwater management
pond, all storm water easements deemed necessary for the development of the remaining Reynolds land
at Airport Commerce Park and utility easements for development of the property:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The Town Manager is authorized to execute an agreement for the conveyance of an
easement to Reynolds Metals Development Company upon the 15.1 acre parcel to be purchased from
Reynolds Metals Development Company by Resolution No. 92-128 for a stormwater management pond,
all stormwater easements deemed necessary for the development of the remaining Reynolds land at
Airport Commerce Park and utility easements for development of the property for the consideration of
$140,000.00 to be paid by Reynolds to the Town. This agreement shall be in a form approved by the
Town Attorney. Easements granted above are more particularly described as an easement for a
stormwater management pond and all stormwater easements deemed necessary for the development of
the remaining Reynolds land at Airport Commerce Park.
SECTION II. The Town shall also grant an easement to Reynolds for the enlargement of said
stormwater management pond if needed in accordance with engineering and planning standards of the
A RESOLUTION:
-2-
AUTHORIZING AN AGREEMENT BETWEEN THE TOWN OF LEESBURG
AND REYNOLDS METALS DEVELOPMENT COMPANY TO BE EXECUTED
SIMULTANEOUSLY WITH THE PURCHASE OF LAND FROM THE SAME
FOR LEESBURG MUNICIPAL AIRPORT
town, approvals of the town and the Federal Aviation Administration. Reynolds shall also be granted
the right of ingress and egress to construct and maintain any and all stormwater facilities and ponds on
the conveyed land referenced above. In addition, the Town of Leesburg shall grant to Reynolds
easements for telephone, electric, cable, sanitary sewer, water and other utility easements as may be
necessary for the development of the remaining portion of Airport Commerce Park. The Town of
Leesburg shall also grant to Reynolds temporary construction easements, as may be needed on the 15.1
acre parcel for the development of Reynolds' remaining land in Airport Commerce Park.
SECTION III. Settlement of this agreement shall be contingent upon and shall coincide with the
full settlement on the conveyance of the 15.1 acres to the Town by Reynolds for the sum of $2.8 million
but no later than August 31, 1992. Said settlements shall occur simultaneously.
PASSED this 14th day of July, 1992.
James E. Clem, Mayor
Town of Leesburg
ATTEST:
Clerk of Council