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12 <br /> <br />A RESOLUTION AUTHORIZING THE CITY ?~NAGER TO ADVERTISE AND <br />RECEIVE BIDS FOR CERTAIN CITY O~FNED PROPERTY AT 705 707 <br />HIGH STREET. <br /> <br /> WHEP~AS, the City of Portsmouth presently ownes <br />a parcel of property located au 705 707 High Street, more <br />particularly described as follows: <br /> <br /> Beginning at a point on the North side <br />of King Street, said point being 81.98 feet <br />West of the Northwestern intersection of <br />King Street and Green Street; thence in a <br />Northerly direction perpendicular to High <br />Street 225.79 feet to a point on the South- <br />ern side of High Street, said point being <br />80.08 feet West of the Southwestern inter- <br />section of High Street and Green Street; <br />thence in an Easterly direction along the <br />South side of High Street 40.02 feet to a <br />point; thence in a Southerly direction and <br />perpendicular to High Street 225.82 feet, <br />more or less, to King S{reet; thence in a <br />Westerly direction along the North side of <br />King Street 40.02 feet to the point of <br />beginnmng. <br /> <br /> WHEP~AS, the said land is no longer needed by <br />the City of Portsmouth and it is, therefore, declared to <br />be surplus property, and <br /> <br /> WHEREAS, the City has received inquiries as to <br />the possibility of leasing or purchasing this property. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of <br />the City of portsmouth, Virginia, that the City Manager be, <br />and he hereby ms, authorized to advertise and receive bids <br />for the lease and/or purchase of the hereinabove described <br />property on such terms and subject to such m~nimum bid <br />restrictions as he may deem proper. <br /> <br /> Adopted by the Council of the City of Portsmouth, <br />Virginia, at a meeting held February 10, 1976. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />