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A REHOLUTION GRANTING APPROVAL FOR A GROUR~OUSING PROJECT PURSUANT FO SECTION 40-55 OF THE CODE OF~THE CITY OF '- PQ~$MOUTH, VIRGI~IA~- i~73, ON A .62 ACRE PARCEL BOUNDED ~Y HIGH STREET.~N THE NORTH, WATER STREET ON THE EAST,'~A PROPOSED PARKING GARAGE ON THE SOUTH, AND CRAWFORD STREET ON THE WEST. WHEREAS, Portsmouth Parkside Development Associates has made application pursuant to ~40-55 of the Code of the City of Portsmouth, Virginia, 1973, as amended, for the granting and approval of a group housing project consi-s~i~g of forty~ (40) condominium units and 8,800 square feet of retail commercial space on the ground floor within a five and one-half story structure on a parcel bounded by High Street on the north, Water Street on the east, Crawford Street on the west and a proposed parking garage on the south,-such group housing project having been designated as ~HP-86-5; and WHEREAS, the applicant has been de%ermined by the Planning Commission to have met the requirements of ~40-55 of the Code of the City of Portsmouth, Virginia,. 1973, as amended; and WHEREAS, the Planning Commission has reviewed such application and site plans submitted therewith and has recommended a conditional approval ~f said application; WHEREAS, the developer has been informed that approval of a group housing project pursuant to §40-55 gran~s only an exemption from certain requirements for residences as stated in said section and does not constitute a waiver-of any other requirements embodied in the Subdivision Ordinance, Z~ni~ Ordinance, Code of the City o~ Portsmouth, Virginia, or any other applicable local, state or federal law or regulation; and WHEREAS, the developer is aware that building permits or any~other required permit will be issued only upon compliance with the ordinances, laws, or regulations applicable thereto. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of'Portsmouth, Virginia that the cesta.in group housing project designated as GHP-86-5, and more specifically described in correspondence from W. B. Meredith, II, Inc. dated July 9, 1986, with enclosures, and as shown on plans filed with the appropriate officials of the City of Portsmouth, Virginia, such documentation and plans being made a part hereof, is hereby granted apprgval subject to the following terms and conditions: 1. A Certificate of Compliance must be obtained from the Downtown D-1 Design Committee prior to the issuance of a building permit.~