Laserfiche WebLink
• RESOLUTION <br />APPROVING AMENDMENT TO <br />LAND PURCHASE AGREEMENT BETWEEN THE CIDA <br />AND PIEDMONT BUILDING & DEVELOPMENT CORPORATION <br />WHEREAS, on April 20, 1998, City Council approved the sale of Parcels A-2.1.1 <br />and A-2.1.2 of the CSX property to Piedmont Development and Building Corporation <br />("Developer"), and the Land Purchase Agreement was executed by the Charlottesville <br />Industrial Development Authority and the Developer; <br />WHEREAS, the Developer wishes to amend the Land Purchase Agreement to <br />extend the closing date to March 1, 2001 in exchange for substantial monetary deposits; <br />and <br />WHEREAS, the CIDA Board has been consulted and they have a regular <br />scheduled meeting to consider approval of the requested amendment; now, therefore <br />• BE IT RESOLVED by the Council of the City of Charlottesville that the City <br />hereby approves an amendment to the Land Purchase Agreement dated March 24, 1998, <br />between the Piedmont Building and Development Corporation and the Charlottesville <br />Industrial Development Authority, in form approved by the City Attorney and <br />substantially the same as the attached instrument. <br />BE IT FURTHER RESOLVED that adoption of this resolution is conditioned <br />upon formal approval of said Amendment by the Charlottesville Industrial Development <br />Authority. <br />Approved by Council <br />March 1, 1999 <br />1 rk of City Co ncil <br />0 <br />