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19981013 r-98-57RESOLUTION NO. R-98-57 A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A PURCHASE AGREEMENT AND TO EXECUTE NECESSARY CLOSING DOCUMENTS FOR THE PURCHASE OF CERTAIN REAL PROPERTY LOCATED WITHIN THE CITY OF FAIRFAX, AND MORE PARTICULARLY DESCRIBED AS THE "BLENHEIM PROPERTY," 3610 OLD LEE HIGHWAY, TAX MAP PARCEL 57-1-((2))-190. WHEREAS, the Blenheim property located at 3610 Old Lee Highway, and more particularly described as tax map parcel 57-2-((2))-190, and consisting of approximately twelve (12) acres of land and improvements thereon (the "Property"), is a significant historical resource; and WHEREAS, the City seeks to promote the general welfare, education and recreational pleasure of the inhabitants of the City of Fairfax and to protect against destruction of or encroachment upon historic areas; and WHEREAS, the City and the executors of the William Roberts Scott estate, owners of the Property (the "Sellers"), have engaged in negotiations for the City to purchase the Property, and have agreed upon a purchase price of Two Million Two Hundred Seventy-Five Thousand and no/100 Dollars ($2,275,000.00); and WHEREAS, the City and the Sellers have generally agreed to the terms of a Purchase Agreement, setting forth certain terms and conditions that are to be satisfied by both parties prior to the closing of this transaction; and WHEREAS, by separate resolution and following a public hearing, the City Council has appropriated the funds necessary for the City to purchase the Property for the agreed upon purchase price. NOW, THEREFORE, BE IT RESOLVED that the City Manager is hereby authorized to execute, on behalf of the City, a Purchase Agreement for the purchase of the Property, of the form attached hereto as Attachment A, and to execute any required Closing Documents on behalf of the City, with the City Attorney being authorized to make any legal and non- substantive changes to the Purchase Agreement. This resolution shall become effective as provided by law. Adopted this 13th day of October, 1998 ATTEST: