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A RESOLUTIOI'~ AUTHORIZING THE CITY ~'LANAGER TO LEASE CITY-OWTfED <br />PROPERTY TO MID-ATi~ANTIC LEASING CORPO?~ATIONo <br /> <br /> W~REAS, Mid-Atlantic Leasing Corporation desires to <br />lease; for a term of one (1) yearr that portion of the property <br />owned by the City of Portsmouth which is located between Wesley <br />Street and Southern Avenue, kno%~ as portions of parcels ! and <br />15 as desmgnated on tax map 100 of the records of the City As- <br />sessor of the City of Portsmouth, Virginia~ for the purpose of <br />storage of ship/truck type containers and trucking incidental <br />to the use and leasing Of said containers; and <br /> <br /> WHEREAS, the Council of the City of Portsmouth is of <br />the opinion that it would be to the interest of the City to <br />lease said premises for the purposes provided above. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Counci~ of the <br />City of Portsmouth, Virginia, that the terms and conditions of <br />that certain lease agreement, as attached hereto~ between Mid- <br />Atlantic Leasing Corporation and the City o~ Portsmouth are <br />hereby approved. <br /> <br /> BE IT FURTHER RESOLVED by the Council of the City of <br />Portsmouth, Virginia~ that the City Manager be, and he hereby <br />is authorized and directed to execute all docmments and complete <br />all transactions incident to said agreement. <br /> <br /> Adopted by the Council of the City of Portsmouth, Vir- <br />ginia, at a meeting held August t3, 1974. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />