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R-98-19 A RESOLUTION TO PROVIDE FOR THE ACQUISITION OF CERTAIN PROPERTY OWNED BY B AND K ASSOCIATES, ALSO KNOWN AS B & K ASSOCIATES, A VIRGINIA GENERAL PARTNERSHIP AND BISSETT REALTY, INC. A VIRGINIA CORPORATION UNDER EMINENT DOMAIN PROCEEDING PURSUANT TO THE CHARTER OF THE CITY OF PORTSMOUTH, SAID PROPERTY BEING NECESSARY FOR RIGHT OF WAY TO BE KNOWN AS HARRELL STREET. WHEREAS, the Council of the City of Portsmouth has determined it to be in the public interest to acquire and construct a right of way to known as Harrell Street in the Parkview area of the City; and WHEREAS, the City and the Owners have not yet been able to agree upon a purchase price to be paid for property necessary to the project; and WHEREAS, the advancement of the work and the use of said property will be unreasonably delayed if said property is not made available for the project as soon as possible. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia: That the City Attorney be, and he hereby is, directed to institute eminent domain proceedings against the hereinalter-described property situate in the City of Portsmouth, Virginia, for the purpose of acquiring fee simple title thereto pursuant to Section 2.06, 2.07 and 2.08 of the Charter of the City of Portsmouth, Virginia, as amended, and to deposit with the Clerk of the Circuit Court of the City of Portsmouth as provided by law a certificate that the City of Portsmouth will pay the sum designated hereinafter as ordered by the Court to compensate the owners of the property designated and shown as "Exhibit Showing Property To Be Condemned For Harrell Street Extension Owned By B and K Associates and Bissett Realty, Inc., Portsmouth, Virginia," made by Stephen I. Boone & Associates, P.C., Land Surveyors, dated March 30, 1998, a copy of which plat is attached hereto and made a part hereof, but the City Attorney shall not proceed to exercise the right of eminent domain until such time as he has made a bona fide offer to purchase said property, which said offer has been rejected by the owners thereof have rejected, or failed to answer. The name of the property owners are B and K Associates and Bissett Realty, Inc. The amount to be deposited to the credit of the Clerk of the Circuit Court of the City of Portsmouth is $5,400.00.