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County Manger Recommendation: Approve the Option Agreement (Exhibit A of the staff report) between the County Board of Arlington County, Virginia and Cooper Quincy, L.L.C., Cooper Quincy No. 1, L.L.C., and Cooper Quincy No. 2, L.L.C. granting to the County Board an option to purchase the real properties with improvements known as 1425, 1429, 1435 and 1439 North Quincy Street, Arlington County, Virginia (RPC#s 15-040-045, 15-040-046, 15-040-047 and 15-040-048). Authorize the County Manager, or her designee, to execute, on behalf of the County Board, the Option Agreement, and all other documents necessary to effectuate the Option Agreement, subject to approval as to form by the County Attorney. In addition, authorize the payment of the sum of $1.2 million, as the initial Option Payment required by the terms of the Option Agreement.
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