HomeMy Public PortalAbout2005_02_23_r039The Town of
Leesburg,
Virginia
RESOLUTION NO. 2005-39
A RESOLUTION:
PRESENTED: February_ 23, 2005
ADOPTED: February_ 23, 2005
PURSUING A GROUND LEASE OR PUBLIC PRIVATE
PARTNERSHIP THAT WOULD ALLOW FOR PRIVATE
OFFICE/RETAIL DEVELOPMENT ON LOUDOUN STREET
WHEREAS, the Town Council has recognized the need to provide adequate space for
public business and staff at Town Hall; and
WHEREAS, the importance of appropriate land use in the downtown has a significant
impact on the downtown economy; and
WHEREAS, alternative designs can be identified that can result in significant cost
savings as compared to the previously approved project; and
WHEREAS, a fiscal review has demonstrated that the use of a utility fund loan would not
be the most economically advantageous funding plan for a Town Hall expansion; and
WHEREAS, the town needs to look at creative financing ideas such as ground leases, or
a public/private partnership to fund this project in whole or in part to minimize the impact on the
Town's long term debt.
THEREFORE RESOLVED, that the Council of the Town of Leesburg in Virginia here
directs staff as follows:
SECTION I. To suspend further work on the design of the Loudoun Street Addition as
previously directed.
SECTION II. To actively pursue a ground lease or a public private parmership that
would allow for private office/retail development on Loudoun Street.
RESOLUTION:
-2-
PURSUING A GROUND LEASE OR PUBLIC PRIVATE PARTNERSHIP
THAT WOULD ALLOW FOR PRWATE OFFICE/RETAIL
DEVELOPMENT ON LOUDOUN STREET
SECTION III. To explore options to expand the existing Town Hall on Wirt Street based
on a re-evaluation by the Town Manager that projects long term space needs of the operations at
Town Hall.
SECTION IV. That, as an interim step, staffbe directed to develop options for the short
term lease of space or "lease to own" space within .walking distance of Town Hall to alleviate
existing crowding conditions.
PASSED this 23ra day of February 2005.
fflerk of Council
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Town of Leesburg