HomeMy Public PortalAbout1998_11_10_R260 Authorizing the Mayor to Purchase a High School SiteThe Town of
Leesburg,
.rg ma
PRESENTED November 10, 1998
RESOLUTION NO. 98-260 ADOPTED November 10, 1998
A RESOLUTION: AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT TO
PURCHASE A HIGH SCHOOL SITE
WHEREAS, the 1984 Annexation Agreement between Loudoun County and the Town of
Leesburg required the town to provide a high school site to the County based upon occurrences
of certain conditions; and
WHEREAS, the amended agreement between Loudoun County and the Town of
Leesburg requires the town to provide a 50 acre site to the County by July 1, 1999 and in return
the Town of Leesburg is relieved from providing one elementary school site as called for in the
Annexation Agreement; and
WHEREAS, the Town Council has conducted an extensive site search for appropriate
acreage; and
WHEREAS, negotiations with the Grenata Family have been on-going and are now
concluded; and
WHEREAS, the Council desires to enter into a contract to purchase 77.7 acres more or
less described on the attached plat for parkland and a high school.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
The mayor is authorized to execute a contract with the owners of the property which
includes the following terms:
· Amount of acreage - more or less 77.7
· Purchase price - $2.1 million
· Sixty-day feasibility study
Non-refundable $100,000 deposit due at the end of the feasibility study period to be
placed in interest bearing escrow account
· Settlement on or before April 1, 1999
· Seller shall not be responsible for any roll back taxes
PASSED this l0th day of November, 1998.
Clerk of Council
· Clem, Mayor
Leesburg
R:Sch.site
See Note
Sheet
P.C,
7'/· T Ac~'