HomeMy Public PortalAbout2010_08_10_R117 - Lease for Mason Enterprise CenterThe Toam of
Leesburg,
Virginia
PRESENTED Au eust 10, 2010
RESOLUTION NO. 2010-117 ADOPTED Au eust 10. 2010
A RESOLUTION: AUTHORIZING THE TOWN MANAGER TO EXECUTE
A LETTER OF INTENT AND LEASE TO LEASE SPACE(S)
FOR THE GEORGE MASON ENTERPRISE CENTER
WHEREAS, in January of 2008, the Leesburg Economic Development Commission voted to
move forward with an incubator study in conjunction with George Mason University; and
WHEREAS, on October 27, 2009, the Town Council of Leesburg, Virginia resolved that a
Phase 1 Memorandum of Understanding with the George Mason University School of Public
Policy's Mason Enterprise Center regazding evaluating proposals and providing a recommendation
for a Mason Enterprise Center model in Leesburg be approved; and
WHEREAS, throughout late 2009 and eazly 2010, thirteen (13) Expressions of Interest were
forwarded to the Town by property owners to house the incubator; and
W HEREAS, a team of evaluators reviewed these Expressions of Interest and based upon 14
requirements of the Town, Loudoun County, and George Mason University, a main location was
selected at property located a[ 202 Church St., SE, Leesburg, Virginia, and owned by Virginia
Heritage Properties; and
WHEREAS, construction of a building to house the incubator is proposed to be built on [he
property, but until [he building is ready for occupancy, the team recommended leasing space owned
by Fianna Investments, LLC and located at 15 North King St., Leesburg, Virginia.
THEREFORE, RESOLVED by the Town Council of the Town of Leesburg, Virginia [hat the
Town Manager is authorized to enter into a Letter of Intent to Lease Space a[ 202 Church Street, SE,
and 15 N. King St., Leesburg, Virginia, and is further authorized to negotiate and execute a Lease(s)
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A RESOLUTION: AUTHORIZING THE TOWN MANAGER TO EXECUTE
A LETTER OF INTENT AND LEASE TO LEASE SPACE(S)
FOR THE GEORGE MASON ENTERPRISE CENTER
on behalf of the Town to contain the George Mason Enterprise Center at these properties, said
lease(s) to be executed no later than 45 days from the date of this resolution.
PASSED this l Os' day of Aueust, 2010.
Clerk of C un it
in D. t rce Mayor
own o urg
P UtesolmionsVtcsolutiwis 2010\0810 Msson Enmrprise Cencer Lv of Irllens.AOc