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A RESOLUTION AUTHORIZING AND DIRECTING THE CITY ~NAGER TO ACCEPT <br />TI~ BID OF MR. S~,I HENDRICKS TO PURChaSE CERTAIN CITY-O~'~ED PRO- <br />PERTY (432 LINCOLN STREET). <br /> <br /> ~^KiEREAS, the Council of the City of Portsmouth, Vir- <br />gmnia, has determined that certain property, hereinafter des- <br />cribed, is surplus property and no longer required for City <br />purposes; and <br /> <br /> ~EREAS, the Council has authorized and directed the <br />City Manager to advertise this property ~or sale upon certain <br />terms and conditions; and <br /> <br /> WHEREAS, the City Manager has caused the said pro- <br />perty to be advertised in accordance with the said authoriza- <br />tion; and <br /> <br /> WHEREAS, Mr. Sam Hendricks has submitted a bid in <br />response to said advertisemenn, such bid being Five Hundred <br />and One Dollars ($501.00) plus the cost of advertismng and <br />being the only bid recemved; and <br /> <br /> ~KIEREAS, the Council finds, after due consideration, <br />that the bid of ~-~. Sam Hendricks complies fully with the te~--ms <br />of the City's advertisement and will permit the disposition of <br />the property on terms most favorable to the City. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the <br />City of Portsmouth, Virginia, that the City Manager be, and he <br />hereby is, authorized and directed to accept the bid of ~Lr. Sam <br />Hendricks for the hereinafter described property[ <br /> <br /> Ail that certain lot of land lying and be- <br />ing in the City of Portsmouth, Virginia, which <br />is known as 432 Lincoln Street, being more par- <br />ticularly described as Lot 21 on Tax Plate 21 <br />as shown on the records of the Office of the <br />City Assessor of the City of Portsmouth, Vir- <br />ginia, having a depth of approxL~ately 120 feet <br />and a width of 29 feet. <br /> <br /> BE IT FURTtiER RESOLVED that the City ~nager be, and <br />he hereby is, authorized and directed to execute all documents <br />and complete all transactions incident to the conveyance of this <br />property, subject'to the terms and conditions of the City's ad- <br />vertisement of this property. <br /> <br /> Adopted by the Council of the City of Portsmouth, Vir- <br />ginia, at a meeting held November 26, 1974. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />