20050628 2005-09ORDINANCE NO. 2005-9
AN ORDINANCE AWARDING A GROUND LEASE FOR THE LEASE
OF CITY HALL AND PROPERTY YARD
WHEREAS, the Council (the "Council") of the City of Fairfax, Virginia (the "City"),
having received bids pursuant to advertisement in the manner prescribed by law, from bidders
as set forth on Exhibit A hereto, to act as financing lessee under a ground lease for City Hall
and the Property Yard, which bids have been read aloud, and terms of which are shown in the
bidding documents on file in the office of the City Attorney;
WHEREAS, the Council has, after having followed procedures required by general
law, conducted a full analysis and consideration of the technical ability, financial condition,
legal qualification and general character of said bidders;
WHEREAS, the Council, after such consideration, analysis and deliberation, has
approved and found sufficient the technical ability, financial condition, legal qualification and
general character of the hereinafter named bidder as the bidder which provides the lowest
overall cost to the City to effect the lease financing;
NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Fairfax,
Virginia, that:
1. It is the intention of the City to grant a lease for a period not to exceed forty
(40) years to the City of Fairfax Economic Development Authority upon the terms and
conditions of a Ground Lease, substantially in the form attached hereto as Exhibit B, relating
to the lease of City Hall and the Property Yard.
2. This Ordinance shall take effect immediately.
Introduced: May 10, 2005
Adopted: June 28, 2005
ATTEST:
CLERK
The vote on the motion to approve was recorded as follows:
VOTE:
Councilwoman Cross aye
Councilman Greenfield aye
Councilwoman Lyon aye
Councilman Rasmussen aye
Councilman Silverthome aye
Councilmember Winter aye
Approved as to
City Attorney