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HomeMy Public PortalAbout1997_05_27_R128 The Town of Leesburg, Virginia PRESENTED May 2 7, ADOPTED Nay 2 7, AUTHORIZING ADDITIONAL APPROPRIATIONS FOR APPRAISAL 1997 J.J~es E. Clem, Mayor Town of Leesburg ATTEST: RESOLUTION 97-128 1997 A RESOLUTION: SERVICES AT THE LEESBURG MUNICIPAL AIRPORT WHEREAS, in August of 1996 the Town applied for State funding tbr the purchase of property adjacent to the airport that would be used for expanding the apron and parking lot, and for revenue enhancement; and WHEREAS, FAA funding was not available and the Virginia Department of Aviation (VDOA) was unable to fund the property in part because the Town did not have an appraisal; and WHEREAS, the VDOA in August of 1996 granted the Town a Tentative Allocation for $20,000.00 to fund the appraisal, review the appraisal and other services relating to the purchase of the property; and WHEREAS, the Town's share of the total $25,000.00 project cost is $5,000.00 or 20%; and WHEREAS, the FAA can reimburse the Town for 90% of all eligible cost associated with the purchase of the property once funds become available; and WHEREAS, the Leesburg Airport Commission voted to have the property appraised at a special meeting held on May 19, 1997; and THEREFORE, Resolved by the Council of the Town of Leesburg in Virginia as follows: An appropriation of $5,000.00 is hereby made from the unappropriated General Fund balance to pay the Town's share (20%) of the cost of having an appraisal, review of the appraisal and other services relating to the purchase of the parcel. PASSED, this 27th day of May ,1997