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t5 <br /> <br />A RESOLUTION AUTHORIZING THE CITY MANAGER TO CONVEY CITY-O~TN~ED <br />PROPERTY IN THE PORT CENTRE DEVELOPMENT AREA TO PORTSMOUT~ <br />REDEVELOPMENT AND HOUSING AUTHORITY; REPEALING RESOLUTION <br />1986-37. <br /> <br /> WHEREAS, by resolution adopted by this Council on March <br />25, 1986, designated as resolution 1986-37, the City Manager <br />was authorized to convey certain City-owned property in the <br />Port Centre development area to the Portsmouth Industrial <br />Development Authority; and <br /> <br /> WHEREAS, certain title issues have developed concerning <br />the consolidation of said property for resale to developers, <br />which title issues are more readily resolved by the statutory <br />authority of Portsmouth Redevelopment and Housing Authority to <br />initiate legal proceedings; and <br /> <br /> WHEREAS, additional property has been designated to be <br />included within the district due to street closures which have <br />been approved and additional surveying and engineering <br />requirements. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED Dy the Council of the City <br />of Portsmouth, Virginia, that the City Manager be, and he <br />hereby is, authorized to convey to Portsmouth Redevelopment <br />and Housing Authority all those parcels of City-owned property <br />described in the resolution adopted by this Council on March <br />25, 1986, designated as Resclution 1986-37. <br /> <br /> BE IT FURTHER RESOLVED that the City Manager De, and he <br />hereby is, authorized to convey to Portsmouth Redevelopment <br />and Housing Authority the following described property: <br /> <br /> Ail that certain lot, piece or parcel of <br />land, situate, lying and being in the City of <br />Portsmouth, Virginia, being more particularly <br />described as follows: beginning at a point on <br />the west side of First Street 48' north of the <br />northwest intersection of First Street and <br />Henry Streets at the line of property formerly <br />belonging to Mrs. Margaret Buckley, thence <br />running west and parallel with Henry Street <br />120'; thence north and parallel with First <br />Street 46'; thence east and parallel with <br />Henry Street 120' to a point on the west side <br />of First Street; thence south along the west <br />side of First Street 46' to the point of <br />beginning. <br /> <br /> <br />