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11 A RESOLUTION AUTHORIZING THE CITY MANAGER TO CONVEY CERTAIN CITY-OWNE~ PROPERTY TO THE PORTSMOUTH INDUSTRIAL DEVELOPMENT AUTHORITY FOR THE PURPOSE OF INDUSTRIAL DEVELOPMENT. WHEREAS, the City of Portsmouth received a gift of twenty-eight (28) acres of land located at Elliott Avenue and Frederick Boulevard for'the benefit of the City of Portsmouth and its citizens; and W~EREAS, the Council of the City of Portsmouth has deter~?~ined that ~he development of said property for industry will b~ beneficial to the City of Portsmouth and its citizens~- and WHEREAS, Section 2.O9(c) of the Charter of the City of Ports~outh provides that %he City may convey property to the Con~©~n~eatth of .Virginia or any political subdivision thereof withc~t advertising and without receiving bids~ and ~E~AS, the Portsmouth Industrial Development Authority is a political subdivision of the Commonwealth of Virginia. NOW~ THEREFORE, BE IT RESOLVED by the Council of the City of ~crtsmouth~ Virginia, that the City Manager be, and h~ hereby is~ auth©r~zed to convey to the Portsmouth Industrial Devei©Dment Authority that certain parcel of land"located in the City of Portsmouth, Virginia, on Frederick Boulevard and Etliott Avenue, containing twenty-eight (28) acres, more or less, particularly set out and described in the Deed of Gift from Jean McLean Davis to the City of Portsmouth, Virginia, bearing date on the 4th day of December, 1980, a copy of which deed is hereto attached and by this reference made a part hereof. BE IT FURTHER RESOLVED that the City Manager be, and he hereby is, authorized to complete al~ transactions and execute all documents in connection with the conveyance of this property. Adopted by the Council of the City of Portsmouth, Virginia, at a meeting held January 27, 1981. Teste: City Clerk