Laserfiche WebLink
83 <br /> <br />A RESOLUTION AUTHORIZING THE CITY MANAGER TO RELEASE ALL <br />EASEMENTS AND DEVELOPMENT AGREEMENTS AND AMENDMENTS THERETO <br />PERTAINING TO THE KINGS CROSSING PROJECT, AND TO EXECUTE NEW <br />EASEMENTS WHERE NECESSARY AND APPROPRIATE FOR COMPLETION OF THE <br />PROJECT. <br /> <br /> WHEREAS, Portsmouth Redevelopment and Housing <br />Authority is the owner of that property known as the Kings <br />Crossing Project, which it has contracted to convey to a <br />developer, which is subject to easements and development <br />agreements executed prior to construction that require release in <br />order to provide for a proper transfer of title; and <br /> <br /> WHEREAS, new easements will be required for an orderly <br />completion of the project in conformance to a development <br />agreement with the proposed developer. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the <br />City of Portsmouth, Virginia, that the City Manager of the City <br />of Portsmouth be, and he hereby is authorized to execute such <br />documents as are necessary to effect the release of all easements <br />to the City of Portsmouth on that property known as the King's <br />Crossing Project, and development agreements and amendments <br />thereto. <br /> <br /> BE IT FURTHER RESOLVED, that the City Manager be, and <br />he hereby is authorized to execute easements to Portsmouth <br />Redevelopment and Housing Authority for drainage for Parcel 6lA-1 <br />and over and across Parcels 61E, 61F-1 and 61H; to execute a <br />visual easement for Parcels 6lA-1 over and across Parcels 61E, <br />61F-1 and 61H; to execute an easement providing authority for the <br />construction, and maintainence of a retaining wall along the <br />northern boundary of Parcel 61F-l; and to execute an easement of <br />ingress and egress over and across Parcel 61D providing for <br />access to and from commercial development to be established on <br />Parcel 61A-1 adjacent to its southern boundary. <br /> <br /> BE IT FURTHER RESOLVED, that the City Manager be, and <br />he hereby is authorized to execute such other documents, and take <br />such other action(s) as he may deem necessary, and in the best <br />interest of the City of Portsmouth to effect completion of the <br />Kings Crossing Project. <br /> <br />ADOPTED by the Council of the City of Portsmouth at a <br /> <br /> <br />