Loading...
HomeMy Public PortalAbout1996_09_24_R201 T}te Town of Leesburg, [ Virg' ' lnla RESOLUTION NO. A RESOLUTION: PRESENTED September 26, 96-201 ADOPTED September 26, AUTHORIZING THE MAYORTO EXECUTE A MODIFICATION OFTHE SALES CONTRACT BETWEEN LEESBURG PLAZA SHOPPING CENTER ASSOCIATES AND THE TOWN OF LEESBURG 1996 1996 WHEREAS, a sales contract dated September 13, 1994, enacted the purchase of two tracts of land on Plaza Street lbr the purpose of locating the town's Public Safety Center; and WHEREAS, the town has demonstrated to the seller that it is moving diligently toward the timely construction of the town's police station; and WHEREAS, the sellcr recognizes that legitimate delays may result from inclement weathcr or other properly documented requests; and WHEREAS, the seller desires to provide a reasonable time to accommodate such delays belbre imposing the $200,000 liquidated damagcs: THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: The Mayor is hereby authorized to execute the attached Modification of Contract Sale between Leesburg Plaza Shopping Center Associates and the Town of Leesburg, Virginia. PASSED this 24th day of September , 1996. A~, EST: Clerk of Council · Clem, Mayor of Leesburg R:Plazal MODIFICATION TO CONTRACT OF SALE BETWEEN LEESBURG PLAZA SHOPPING CENTER ASSOCIATES AND THE TOWN OF LEESBURG, VIRGINIA THIS MODIFICATION TO CONTRACT OF SALE dated September 18, 1996, by and between the Town of Leesburg, a municipal corporation (hereinafter referred to as "Town") and Leesburg Plaza Shopping Center Associates, a Virginia general partnership (hereinafter referred to as the "Seller"). WHEREAS, under a Contract of Sale dated September 13, 1994, the Town purchased from the Seller two tracts of land located in the Town of Leesburg, Virginia depicted on the tax maps for Loudoun County, Virginia as Tax Map 48, Parcels 125 and 126 hereinafter referred to as the "Property"; and WHEREAS, under the terms of the Contract of Sale, the Town warranted and made covenant unto the Seller that the Town shall (a) permit to be constructed, a fire (or fire and rescue) station (it being understood that the Town has no obligation to construct or compel the construction of a fire and/or rescue station); and (b) construct a police station or substation (hereinafter "public safety center") at the Property within three (3) years following settlement, and that the Town will operate and maintain the public safety center for a minimum period of ten (10) years thereafter which terms survived settlement; and WHEREAS, under the terms of the Contract of Sale, the Town further warranted and made covenant unto the Seller, that in the event the Town breaches the covenant, which breach continues for a period of ninety (90) days after notice from the Seller, the Seller shall be entitled to liquidated damages in the amount of Two Hundred Thousand Dollars ($200,000), upon payment of which the Town shall be relieved of the foregoing covenants; and WHEREAS, the Town has sufficiently demonstrated to the Seller through due diligence to its responsibilities pursuant to the terms of the Contract of Sale including, but not limited to, providing funding to purchase the Property and develop thereon a public safety center, selecting an architect to design the public safety center, completing the design of the public safety center and publicly advertising the public safety center for bids; and WHEREAS, the Town has publicly advertised that it will receive sealed bids for the public safety center on October 1, 1996; and WHEREAS, the Town anticipates that it will award a contract to construct the public safety center on October 22, 1996; and WHEREAS, the Town anticipates that it will issue a notice to proceed to the successful contractor on or about November 11, 1996; and WHEREAS, approximately thirteen (13) months to December 13, 1997 are provided for substantial completion of the public safety center to the successful contractor on or about November 11, 1996; and WHEREAS, it is recognized by the Town and the Seller that, allowing for delays caused by inclement weather and other properly documented requests by the contractor for extensions of time for completion of the public safety center, not contemplated by the Contract of Sale, thirteen (13) months may not provide adequate time to construct the public safety center; and WHEREAS, the Seller recognizes the efforts of the Town in fulfilling its obligations under the Contract of Sale and desires to provide a reasonable time to construct the public safety center before imposing on the Town liquidated damages in the amount of $200,000 as provided in the agreement. THEREFORE, AGREED as follows: That the stated time of three (3) years to construct the public safety center shall, and is, hereby extended by three months, and that the time shall be further extended day for day by any extension of time for completion of the public safety center granted by the Town to the contractor hired therefor. It is specifically agreed that completion of the public safety center within such timeframe is not the obligation of the Town and failure to so complete the public safety center within such timeframe shall not constitute a breach. Unless otherwise modified herein, all other terms of the contract which survived settlement shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto have caused this Modification to Contract to be executed as of the date first above written. SELLER LEESBURG PLAZA SHOPPING CENTER ASSOCIATES By: Its: THE WALLACE FAMILY, L.P., a Virginia Limited Partnership General Partner September 18, 1996 September 18, 1996 By: Its: By: Title: LPSC, INC., a Virginia Corporation General Partner THE TOWN OF LEESBURG, VIRGINIA J,~fies E. Clem, Mayor Title: [v~ayor contract, rbt