Language Page 377, following line 21, insert:“The Western State Hospital Real Estate Purchase and Exchange Agreement between the Commonwealth and the City of Staunton is hereby modified so that:1) The requirement that the City of Staunton maintain at $15,000,000 line of credit for its payment is eliminated. 2) Any portion not required to complete the project which will be due at 80% completion, shall be deferred until a later date with the full balance being paid no later than July 1, 2015.3) The Western State Hospital must vacate all structures on the property upon the sale of the property or by July 1, 2015, whichever is earlier." "C-33.70 Preservation of Open Space and Historic Resources Through Conservation $30,000,000 Fund Sources: Bond Proceeds $30,000,000"
Explanation(This amendment makes changes in the Western State Hospital Real Estate Purchase and Exchange Agreement between the Commonwealth and the City of Staunton to enhance the marketability of the property by the City.)