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i07 <br /> <br />A RESOLUTION AUTHORIZING AND DIRECTING THE CITY MANAGER TO AD- <br />%~RTISE FOR BIDS TO LEASE CERTAIN PROPERTY. (WATER STREET <br />PARKING LOT) <br /> <br /> h~EP~EAS, City Council has previously authorized the <br />City Manager to purchase certain property and develop the land <br />as a parking lot; and <br /> <br /> WHEREAS, the development plans contemplate the leasing <br />of the parking lot on a. long-term basis; and <br /> <br /> WHEREAS, it is necessary that such lease be advertised <br />as required by applicable provisions of the City Charter. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the <br />City of Portsmouth, Virginia, that the City Manaqer be, and he <br />hereby is, authorized and directed to advertise ~or lease the <br />parking lot property covered by the draft agreement approved <br />by Council on October 22, 1974. <br /> <br /> BE IT FURTHER RESOLVED that the authority conferred <br />upon the City Manager herein is expressly contingent upon the <br />city's obtaining title to the property in question. <br /> <br /> BE IT FURTHER RESOLVED that the terms of the advertise- <br />ment and the lease shall include all provisions and conditions <br />set forth in the draft agreement approved on October 22, and all <br />other provisions of the advertisement and lease shall be wholly <br />consistent with the terms of said draft agreement. <br /> <br /> Adopted by the Council of the City of Portsmouth~ Vir- <br />ginia, at a meeting held December t7~ 1974. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />