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HomeMy Public PortalAbout2006_01_10_r010The Town of Leesburg, Virginia PRESENTED:January 10~ 2006 RESOLUTION NO. 2006-].0 ADOPTED: January 10~ 2006 A RESOLUTION: APPROVING THE PROPOSED PLAN OF ACTION FOR USE OF THE A.V. SYMINGTON DONATION TO PROVIDE PUBLIC RECREATION IMPROVEMENTS AT IDA LEE PARK WHEREAS, in the spring of 2004, the Town of Leesburg received notification of a private donation from the A.V. Symington estate in the approximate amount of $4.25 million for public recreation improvements at Ida Lee Park; and WHEREAS, in August 2004, staff received $2.5 million from the trustees of Mrs. Symington's estate, and the remaining portion of the respective donation is estimated to be at least $1.75 million and should be received within the 2006 calendar year; and WHEREAS, in September 2004, Town Council approved a $50,000 appropriation from the A.V. Symington donation fund for a community survey, feasibility study, and preliminary design concepts; and WHEREAS, the Parks and Recreation Advisory Commission hosted a community input meeting in February and October of 2005 in which 140 people attended; and WHEREAS, in April 2005, staff authorized Mason Dixon Polling & Research to conduct a telephone survey of Leesburg residents to determine their preference for construction of an outdoor pool, expansion of the recreation center, purchase of adjacent land, and construction of an indoor tennis center; and WHEREAS, during the summer of 2005, staff authorized Brailsford & Dunlavey to conduct a feasibility analysis on the outdoor pool, indoor tennis center, and recreation center; and -2- A RESOLUTION: APPROVING PLAN FOR USE OF THE A.V. SYMINGTON DONATION WHEREAS, the market analysis demonstrated that there is sufficient demand within the area to justify the development of any of the three proposed projects at Ida Lee Park; and WHEREAS, Brailsford & Dunlavey then developed financial models that indicated the indoor tennis center and the outdoor pool models could generate "net" revenue, dependent upon how construction of the facilities would be financed. However, the expansion of the recreation center is unable to be financially independent; and WHEREAS, the Director of Parks and Recreation and the Parks and Recreation Advisory Commission endorses the plan recommendation below; and WHEREAS, a financial option will be pursued in a manner previously outlined by the town's financial advisor that allows acquisition of adjacent land up to a maximum expenditure of $4 million; construction of an outdoor pool up to a maximum expenditure of $4 million; and construction of an indoor tennis center up to a maximum expenditure of $2.5 million. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that the proposed plan of action for use of the A.V. Symington donation in order to provide public recreation improvements at Ida Lee Park.is approved as follows: SECTION I. Acquisition of land to be recognized as the top priority. SECTION II. Pursue a financial option in a manner previously outlined by the town's financial advisor that allows acquisition of adjacent land up to a maximum expenditure of $4 million; construction of an outdoor pool up to a maximum expenditure of $4 million; and construction of an indoor tennis center up to a maximum expenditure of $2.5 million. SECTION III. If the Town Council does not support the use of public funds as part of the proposed financial plan, development of the tennis and/or outdoor pool facilities should not commence until the land option is resolved or deemed unachievable. -3- A RESOLUTION: APPROVING PLAN FOR USE OF THE A.V. SYMINGTON DONATION SECTION IV. If the land option cannot be achieved or is resolved in any manner that does not require the expenditure of funds (public or private donation), the town should pursue a financial option that will allow the construction of both the outdoor pool and the indoor tennis center. SECTION V. If for whatever reason, a financial option to construct both the tennis and pool facilities cannot be achieved and requires the Town Council to choose between the tennis and pool option, the entire matter should be returned to the Parks and Recreation Advisory Commission for further consideration. PASSED this l0th day of January 2006. ATTEST: Resolution. Plan for Use of Symington Donation Town of Leesburg