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�J <br />AN ORDINANCE <br />rU AUTHORIZE A LEASE -PURCHASE AGREEMENT FOR CITY PROPERTY <br />LOCATED ON EAST HIGH STREET AND 4TH STREET, N.E. <br />TO MCGUIRE, WOODS, BATTLE & BOOTHE. <br />WHEREAS, McGuire, Woods, Battle & Boothe (" McGuire/Woods") has offered to <br />cause the purchase of the City -owned lot on East High Street between 3rd and 4th Streets, N.E.; <br />and <br />WHEREAS, after lengthy negotiations regarding the terms of the proposed sale, the City <br />and McGuire/Woods have reached mutual agreement on such terms; now, therefore <br />BE IT ORDAINED by the Council of the City of Charlottesville, Virginia that the <br />Mayor is hereby authorized to execute a lease -purchase agreement, in substantially the same <br />form as those attached hereto and as approved by the City Attorney, leasing the property located <br />on East High Street between 3rd and 4th Streets, N.E. (City Tax Map 33, Parcels 205 and 206) <br />to McGuire, Woods, Battle & Boothe or its builder. The City Attorney is hereby authorized to <br />take whatever steps are necessary to effect the closing of said real estate transaction. <br />Approved by Council <br />June 17, 1996 <br />((1 k of City Co ncil <br />