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A RESOLDTI}N AUTHORIZING Ti{E CITY ~INAGER TO EXECUTE <br />AVER DOCD-MENTS ARE NECESSARY TO ACnJIRE, LF~.SE AI,~D SUB- <br />Lib~SE A 35 ACRE TRACT PRESENTLY O~z,~ED BY PORTS.~4OUTH <br />INDUSTRIAL AUTEORITY A~-~D A CITY O}-,'I~[ED PARCEL WEST OF T~[E MID- <br />TO~ TUNNEL StT~JATE IN PIN[~ERS POINT POR Tile PURPOSE OF PORT <br />DLVELOPMLNT. <br /> <br /> ~{~i~, The City of Portsmouth was authorized on <br />l'~ovember 3, 1970, by referendum of its citizens to issue <br />Eight Million, Two nundree Thousand aha 00/i00 ($8,200,000.) <br />Dollars of bonds for port development; and <br /> <br /> Wi{EREAS~ the Portsmouth Port and Industrial Authority <br />has requested the City of Portsmouth to acquire, lease and sub- <br />lease cerLain parcels of land in Pinners Point for the purpose <br />of Port Development. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the <br />City of Portsmouth that the City Manager ls authorized to exe- <br />Cute whatever documents are necessary to acquire, lease and <br />sublease a 35 acre tract presently o%~ed by Portsmouth Port <br />and industrial Authority and a City owned parcel west of the <br />Midtown Tunnel situate in Pinners Point for the purpose o~ port <br />development. ~ <br /> <br /> Adopted by the Council of the City of Portsmouth, Vir- <br />ginia, at a meeting held September 16, 1975. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />