HomeMy Public PortalAbout1996_07_03_R151The Town of
Leesburg,
.rg ma
PRESENTED July 3, 1996
ADOPTED July 3, 1996
MAYOR TO EXECUTE THE
and
WHEREAS, appraisers representing both parties have agreed upon the price of $258,000 for the
1.2 acre parcel, being the land under Market Station.
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 sell and transfer the land under Market Station for $258,000 to Market Station L.L.C. on or
before July 26, 1996, with special warranty of title. Such transfer is contingent upon the following: (1)
transfer subject to all encumbrances of record and all restrictions provided in Paragraph 12 of such Lease
for such transfer, and (2) conveyance and dedication at settlement by Market Station L.L.C. to the town
of waterlines, sanitary sewer, and storm drainage easements as designated by the town at the expense
of Market Station L.L.C. in a form approved by the town attorney.
RESOLUTION NO.96-151
A RESOLUTION: AUTHORIZING THE NECESSARY
DOCUMENTS TO SELL MARKET STATION PROPERTY
WHEREAS, on October 13, 1983, a lease between the Town of Leesburg and Market Square
Associates, Inc. (hereinafter Lease) was executed to allow for the construction and operation of Market
Station; and
WHEREAS, the Lease not only provided the conditions for use of the land under Market Station
but also the possibility of the ultimate transfer of the ownership of the land from the town to the lessee;
and
WHEREAS, negotiations have been on-going for several months as the contract owner of Market
Station (Market Station L.L.C.) has discussed the possibility of purchasing the land under Market Station;
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RESOLUTION - MARKET STATION PROPERTY
PASSED this 3rd day of July, 1996.
m, Mayor
burg
ATTEST:
Clerk of Council
R:Market. Station