HomeMy Public PortalAbout1996_07_03_R150 The Town of
Leesburg,
Virginia
RESOLUTION NO. 96-150
A RESOLUTION: AUTHORIZING THE MAYOR TO
DOCUMENTS TO ASSIGN THE MARKET STATION LEASE TO MARKET
STATION L.L.C.
PRESENTED July 3, 1996
ADOPTED, July 3, 1996
EXECUTE THE NECESSARY
WHEREAS, Market Station, L.L.C. has offered to purchase land from the Town of Leesburg at
Market Station; and
WHEREAS, Paragraph 12 of the lease between Market Square Associates, Inc. and the Town
of Leesburg (hereinafter Lease) provides the option to purchase the land under Market Station; and
WHEREAS, Paragraph 21 of said Lease allows for the assignment of said Lease with the written
consent of the town; and
WHEREAS, Market Station L.L.C. has submitted written financial and legal documentation
regarding the limited liability company.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
The mayor is hereby authorized to execute the necessary documents as approved by the town
attorney to assign the Lease to Market Station L.L.C. contingent upon the fee simple purchase of Market
Station property pursuant to Paragraph 12 of the Lease on or before July 26, 1996.
PASSED this 3rd day of July, 1996.
ATTEST:
R:MSLLC
~fmes E. Clem, Mayor
Town of Leesburg