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R-01-22 A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A DEED OF CONVEYANCE FROM THE CITY OF PORTSMOUTH TO THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE, CITY OF PORTSMOUTH, VIRGINIA, FOR THE PROPERTIES KNOWN AS 146 OWEN STREET, 3811 BART STREET, 1.29 ACRES ON FREDERICK BOULEVARD AND 2301 PORTSMOUTH BOULEVARD, IN THE CITY OF PORTSMOUTH, VIRGINIA. BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that the City Manager be, and he hereby is, authorized to execute a deed of conveyance to the Industrial Development Authority of the City of Portsmouth, Virginia, "the Authority," for all or so much of the following described property, as he deems to be in the best interest of the City at such time as he may deem appropriate: 146 Owen Street - 1 acre, more or less. TAX MAP 0052 Parcel 0590 3811 Bart Street - .75 acres, more or less. TAX MAP 0305-0251 Frederick Boulevard - 1.29 acres, more or less. TAX MAP 0133 Parcel 0120 2301 Portsmouth Boulevard - 1 acre, more or less. Part of TAX MAP 0151 Parcel 0030 and Parcel 0040, described as follows, to-wit: Beginning at a point at the southwestern intersection of Portsmouth Boulevard and Fitzgerald Street and continuing along the right of way line of Fitzgerald Street in a southerly direction to a point approximately 260 feet, more or less, where the southern right of way line of Fitzgerald Street, if continued in a westerly direction, would intersect the western right of way line of Fitzgerald Street; thence in an westerly direction parallel with Portsmouth Boulevard a distance of 200 feet; thence continuing in a northerly direction parallel with Fitzgerald Street approximately 260 feet, more or less, to a point in the southern right of way line of Portsmouth Boulevard; thence in an easterly direction along the southern right of way line of Portsmouth Boulevard 200 feet, to the point of begirming. BE IT FURTHER RESOLVED that the City Manager is hereby authorized to execute such deeds, plats and other documents necessary to effect the conveyance of property herein authorized between the City and the Authority as may be required, and to require such deeds and documents to contain such other provisions as he may deem appropriate and in the best interest of the City of Portsmouth. ADOPTED at a meeting of the Council of the City of Portsmouth, Virginia held on March 27, 2001. TESTE: City Clerk