2010-27 ORDINANCE NO. 2010-27
AN ORDINANCE AWARDING A GROUND LEASE FOR THE LEASE
OF THE CITY'S GOOSE CREEK WATER TREATMENT PLANT
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 the City's
Goose Creek Water Treatment Plant located at 20521 Belmont Ridge Road in Ashburn,
Virginia consisting of approximately 178 acres and related improvements located thereon (the
"Property "), 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 Virginia Resources Authority upon the terms and conditions of a Ground
Lease, substantially in the form attached hereto as Exhibit B, relating to the lease of the
Property.
2. This Ordinance shall take effect immediately.
Introduced: October 12, 2010
Adopted: October 26, 2010
*AV AN kV
Mayor
ATTEST:
City C erk
The vote on the motion to approve was recorded as follows:
Votes
Councilwoman Cross Aye
Councilman Drummond Aye
Councilman Greenfield Aye
Councilman Meyer Aye
Councilman Schmidt Aye
Councilman Stombres Aye