HomeMy Public PortalAbout2004_10_13_r167The Town of
Leesburg,
Virginia
RESOLUTION NO
A RESOLUTION:
PRESENTED October 13, 2004
2004-167 ADOPTED October 13, 2004
APPROVING AN AMENDMENT TO THE FY 2005 BUDGET TO FUND THE
CRESCENT DISTRICT MASTER PLAN
WHEREAS, the Business Development Strategy for Leesburg, Virginia was endorsed by Council
in May 2003; and
WHEREAS, that strategy outlined the concept of redeveloping the area adjacent to the Historic
Downtown as a new mixed-use district called the Crescent District; and
WHEREAS, since the publication and endorsement of the Business Development Strategy staff
has requested funding to complete a Master Plan for the proposed Crescent District during the FY 2004
and FY 2005 budget processes; and
WHEREAS, a key feature of the Crescent District is a creek commonly known as Town Branch,
which is a component of the Town Branch Flood Control Project that has been suspended pending the
outcome of the development ora Crescent District Master Plan; and
WHEREAS, a Master Plan for the Crescent District will cost approximately $50,000 and is not
budgeted in FY 2005; and
WHEREAS, sales tax revenue in FY 2004 exceeded projections by 13%; and
WHEREAS, based on sales tax revenue for the first quarter of FY 2005, staff projects an increase
in sales tax revenue sufficient to fund $50,000 for the Crescent District Master Plan; and
WHEREAS, staff recommends that the FY 2005 General Fund Budget revenues and expenditures
be increased by $50,000.
A RESOLUTION:
-2-
APPROVING AN AMENDMENT TO THE FY 2005 BUDGET TO FUND THE
CRESCENT DISTRICT MASTER PLAN
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that the FY
2005 Budget is hereby amended to appropriate $50,000 from additional sales tax revenue to the General
Fund within the Planning, Zoning & Development Department budget for the Crescent District Master
Plan.
PASSED this 13th day of October 2004.
~ C. U&Itattd, ~vl-~-~ - Town of Leesburg
ATTEST:
~erk bf C0~tncil
R04:crescentdistrict