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A RESOLUTION AUTHORIZING THE CITY MANAGER TO CONVEY TO VIRGINIA PORT AUTHORITY CERTAIN CITY-OWNED PROPERTY IN EXCHANGE FOP. CERTAIN PROPERTY OWNED BY VIRGINIA PORT AUTHORITY. WHEREAS, the City of Portsmouth and the Virginia Port Authority have from time to time transferred certain property in favor of the City of Portsmouth and in favor of the Virginia Port Authority; and WHEREAS, plans developed by Virginia Port Authority necessitate alterations in the boundaries of properties now held by Virginia Port Authority and properties now held by the City of Portsmouth; and ?~EREAS, the alteration of the boundaries can most feasibly be accomplished tbxough an exchange of parcels of property of equal size and dimensions between the City of Ports- mouth and the Virginia Port Authority; and WHEREAS, Section 2.09[c) of the Charter of the City of Portsmouth provides that City may convey property to the Commonwealth of Virginia, or any political subdivision thereof, without advertisement and without receiving bids; and WHEREAS, the Virginia Port Authority is a political subdivision of the Commonwealth of Virginia. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that the City Manager be, and he hereby is, authorized to convey the following described property to the Virginia Port Authority: Ail that certain tract, piece or parcel of land, situate in the Pinners Point Section of the City of Portsmouth, Virginia, containing 0.0562 acres by survey made by Langley, McDonald and Overman, consulting engineers, dated November 6, 1974, a plat of said survey being attached hereto as Exhibit "A"~ that this property is conveyed in gross and not by the acre, being more particularly bounded and described as follows to-wit: Beginning at the true point of beginning, which point is described as follows:.