19901127 r-90-41RESOLUTION NO.
R-90-41
AUTHORIZING THE DIRECTOR OF FINANCE TO OBTAIN OFFERS TO
PURCHASE CERTAIN REAL ESTATE OWNED BY THE CITY OF FAIRFAX
LOCATED AT 4226 UNIVERSITY DRIVE AND 4117 CHESTNUT STREET.
WHEREAS, the City of Fairfax, Virginia, is the owner of two
parcels of real estate together with improvements thereon
designated as: (1) Lot 44, Section 2 of the Fairfax Towne
Estates, Tax Map Parcel Number 57-4-((15))-44 located at 4226
University Drive; and (2) a parcel which is part of Williams
Addition to Westmore, Tax Map Parcel Number 57-1-((23))-65
located at 4117 Chestnut Street within the City of Fairfax (the
"Real Estate", either or both parcels as appropriate); and
WHEREAS, by this resolution, the City Council authorizes
the Director of Finance to obtain a written offer or offers to
purchase the Real Estate upon conditions described herein and
any additional conditions determined appropriate by the Director
of Finance.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Fairfax that:
1. The recitals above are incorporated herein.
2. The Director of Finance is hereby authorized to obtain
an offer or offers to purchase either or both parcels of the
Real Estate either by negotiation, solicitation of bids, or
through an agent or agents engaged for such purpose as the
Director of Finance deems feasible and in the best interest of
the City. An offer or offers may be obtained for each of the
parcels separately or for both parcels together.
3. In addition to any conditions determined to be ap-
propriate by the Director of Finance, each such offer to
purchase the Real Estate shall be subject to the following:
a. The Real Estate shall be purchased "as is";
b. The offer shall be irrevocable until a specified
date determined by the Director of Finance or until the offer
is rejected by the City, whichever occurs first;
R-90-41
-2-
c. The offer shall be accompanied by a deposit in
an amount determined by the Director of Finance. If the offeror
withdraws or attempts to withdraw the offer prior to the times
set forth above, then the deposit may be retained by the City
as liquidated damages;
d. The offeror shall acknowledge that he understands
that the offer can be accepted only by the adoption of an
ordinance by the City Council, after a public hearing, authoriz-
ing the sale of the Real Estate. While a good faith effort will
be made to obtain such an ordinance, no promise or assurance is
provided by the City to the offeror that an ordinance will be
enacted and the Real Estate will be sold; and
e. Upon adoption of an ordinance by the City
Council, the offer shall be deemed accepted and the offeror
shall be obligated to close within a specified number of days
thereafter as indicated in the offer.
4. The Director of Finance is further authorized to take
all necessary actions, whether or not specifically described
herein, to obtain
Estate.
Adopted this
an offer or offers to purchase the Real
27th day of November , 1990.
ATTEST: