HomeMy Public PortalAbout2016_08_09_R103 Lease with Landmark Commercial for Courthouse Square Parking The Town of
Leesburg,
Virginia PRESENTED August 9, 2016
RESOLUTION NO.: 2016-103 ADOPTED August 9,2016
A RESOLUTION: AUTHORIZING THE TOWN MANAGER TO EXECUTE A SIX-
MONTH MINIMUM TERM LEASE WITH LANDMARK
COMMERCIAL REAL ESTATE FOR THE COURTHOUSE SQUARE
PARKING LOT LOCATED AT THE CORNER OF LOUDOUN
STREET AND CHURCH STREET TO PROVIDE PUBLIC PARKING
BEGINNING OCTOBER 1, 2016 AND AUTHORIZATION TO
AMEND THE FISCAL YEAR 2017 GENERAL FUND BUDGET TO
MAKE A SUPPLEMENTAL APPROPRIATION IN THE AMOUNT OF
$65,500
WHEREAS, the October 26, 2015 Downtown Parking Task Force Report identified the
need for additional public parking in the southeast area of downtown Leesburg;
WHEREAS, the Courthouse Square parking lot located at the corner of Loudoun Street and
Church Street is comprised of 79 parking spaces and is currently available to be leased by the
Town; and
WHEREAS, the Town agrees to lease 79 parking spaces at the rate of$70 per space per
month for the purpose of providing daytime downtown public parking to help increase parking
availability; and
WHEREAS, 35 of the 79 parking spaces will be leased to the County of Loudoun
Government as assigned spaces at the same rate of $70 per space per month for their County-
owned vehicles; and
WHEREAS, the remaining 44 of the 79 parking spaces will be made available to the public
on a first-come-first-served basis at the same approved rate as the on-street metered parking,
Monday through Friday, 8am to 5pm ; and
WHEREAS, the Fiscal Year 2017 budget must be amended and a supplemental
appropriation in the amount of $65,500 deriving from $57,300 of the anticipated revenue and
parking in lieu funding of$8,200 is required to execute the lease.
-2-
A RESOLUTION: AUTHORIZING THE TOWN MANAGER TO EXECUTE A SIX-
MONTH MINIMUM TERM LEASE WITH LANDMARK
COMMERCIAL REAL ESTATE FOR THE COURTHOUSE SQUARE
PARKING LOT LOCATED AT THE CORNER OF LOUDOUN
STREET AND CHURCH STREET TO PROVIDE PUBLIC PARKING
BEGINNING OCTOBER 1, 2016 AND AUTHORIZATION TO
AMEND THE FISCAL YEAR 2017 GENERAL FUND BUDGET TO
MAKE A SUPPLEMENTAL APPROPRIATION IN THE AMOUNT OF
$65,500
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that:
1. Town Manager is authorized to execute a six-month minimum term lease of the
Courthouse Square area parking lot with Landmark Commercial Real Estate, in a form approved
by the Town Attorney; and
2. Town Manager is authorized to execute a six-month minimum term sub-lease to
Loudoun County for the use of 35 spaces of the Courthouse Square parking lot via a lease
agreement or memo of understanding; and
3. Fiscal Year 2017 General Fund budget is hereby amended and a supplemental
appropriation is made in the amount of$65,500 deriving from $57,300 from anticipated parking lot
revenue and $8,200 of the Town's parking in lieu funding for the fiscal year beginning July 1,
2016 and ending June 30, 2017.
PASSED this 9th day of August, 2016.
OCW:Ge lavdt'
David S. Butler, Mayor
Town of Leesburg
A AT:
t*.
Clerk of Co i
P:\Resolutions\2016\0809 Courthouse Square Area Parking Lot Lease.doc