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HomeMy Public PortalAbout1994_09_13_R180The Town of Leesburg, Virg' ' 'lnla RESOLUTION NO. 94-180 A RESOLUTION: PRESENTED September 13, 1994 ADOPTED September 13, 1994 SUPPORTING ISSUANCE OF BONDS BY THE FAIRFAX COUNTY REDEVELOPMENT AND HOUSING AUTHORITY FOR FINANCING THE PROPOSED EVANS RIDGE APARTMENTS PASSED this 13th day of September, 1994. Clerk of Council J James E. Clem, Mayor Town of Leesburg WHEREAS, the Donohoe Companies and Evans Ridge Associates, LP, propose to construct 150 two- and three-bedroom apartments and ancillary facilities on approximately ten acres located on the south side of Fort Evans Road Extended, east of the Route 15 bypass, in the Town of Leesburg; and WHEREAS, this property was rezoned for this type of use on July 14, 1992; and WHEREAS, the Evans Ridge Apartments will provide 40 units affordable to persons at or below 50% of the area median income and 110 units affordable to persons at or below 60% of the median; and WHEREAS, the Fairfax County Redevelopment and Housing Authority has authority to issue taxable bonds to finance construction of affordable housing throughout the Commonwealth; and WHEREAS, the developers of Evans Ridge Apartments have asked the Town to endorse their request for financing consideration by the Fairfax County Redevelopment and Housing Authority; and WHEREAS, the Council's Planning and Zoning Committee recommended on September 6, 1994 that Council express its support for the proposed development and method of financing; THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: The Town of Leesburg hereby invites the Fairfax County Redevelopment and Housing Authority to favorably consider the request of the Donohoe Companies and Evans Ridge Associates, LP, for issuance of bonds to finance construction of the Evans Ridge Apartments, as the proposed development will help to meet the Town's housing needs and priorities as well as the economic development objective of providing adequate affordable housing for persons who work in Leesburg.