HomeMy Public PortalAbout1995_07_11_R152The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 11, 1995
95-152 ADOPTED July 11, 1995
AUTHORIZING MODIFICATIONS TO THE PROPEKTY ACQUISITION
AGREEMENT BETWEEN THE TOWN OF LEESBURG AND BRIAN P.
OURS
WHEREAS, Resolution No. 95-141 authorized the extension of the closing date on the above
referenced property for the Leesburg Municipal Airport; and
WHEREAS, Brian P. Ours requires that modifications be made to the agreement with the town
in order for an additional time extension to be granted; and
WHEREAS, closing on the property is anticipated by the end of July 1995:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The Council hereby authorizes the following modifications to the property
acquisition agreement between the town and Brian P. Ours.
A. The Town of Leesburg shall be responsible for the tax obligations on the property
effective July 1, 1995 until dosing or 90 days from July 1, 1995 which ever comes first.
B. An eight percent (8%) interest carry shall be effective August 1, 1995 until closing or 90
days from August 1, 1995 whichever comes first.
SECTION II. The above shall be incorporated into a modified agreement, in a form approved
by the Town Attorney, and executed by the Town Manager.
PASSED this llth day of July, 1995.
ATTEST:
Clerk of Council
r:ours4
Ja . Clem, Mayor
Town of Leesburg