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14 <br /> <br />A RESOLUTION AUTHORIZING THE CITY MANAGER TO SIGN A mEED OF <br />RELEASE FOR DEVELOPMENT RESTRICTIONS ON PROPERTY CONVEYED TO <br />THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PORTSMOUTH <br />LOCATED ON LEE AVENUE AND DETROIT STREETS. <br /> <br /> WHEREAS, pursuant to resolution adopted by the Council of <br />the City of Portsmouth on April 10, 1984, certain property <br />described as lots 56, 57, 58, 96, 97, and 98 on the plat of <br />Pinners Point Land Company was conveyed to the Industrial <br />Development Authority of the City of Portsmouth for the <br />purpose of marketing to a private developer; and <br /> <br /> WHEREAS, said deed contained certain restrictions <br />pertaining to the use and improvement of the subject property; <br />and <br /> <br /> WHEREAS, said property has now been conveyed to the <br />Virginia Port Authority for development of the Portsmouth <br />Marine Terminal within the area designated for Virginia Port <br />Authority use pursuant to the Port Unification Agreement; and <br /> <br /> WHEREAS, the Virginia Port Authority has requested that <br />the conditions pertaining to the use and development of the <br />subject property be released. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City <br />of Portsmouth, Virginia, that the City Manager be, and he <br />hereby is, authorized to sign a deed releasing the <br />restrictions pertaining to the use and development of lots 56, <br />57, 58, 96, 97 and 98 as shown on the plat of Pinners Point <br />Land Company. <br /> <br /> Adopted by the Council of the City of Portsmouth, <br />Virginia, at a meeting held February 14, 1989. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />