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A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A <br />RELEASE OF A CERTAIN EASEMENT HERETOFORE RETAINED IN A <br />OF RACE STREET PREVIOUSLY CLOSED. <br /> <br />DEED OF <br />PORTION <br /> <br /> WHEREAS, by ordinance enacted and adopted by the <br />Council of the City of Portsmouth, Virginia, on June 27, 1972, <br />a portion of Race Street was closed permitting the redesign and <br />modification of the traffic flow into the southern portion of <br />Midcity Shopping Center; and <br /> <br /> WHEREAS, in' the ordinance so enacted closing the afore- <br />said street, the City of Portsmouth, Virginia,i reserved unto it- <br />self a perpetual easement, right and privilege to install, main- <br />tain, operate and replace gas mains, sewer mllns, sewer drains, <br />sanitary sewers, storm drains, water mains and laterals, and <br />electric power lines within, over, under and across a portion <br />of said Race Street as closed; and <br /> <br /> WHEREAS, as a part of the development and redesign of <br />the traffic flow in the said shopping center, Construction Asso- <br />citates, Incorporated, the owner of said shopping center, has <br />covenanted and agreed to relocate existing utility lines present- <br />ly located within the closed portion of Race Street at its sole <br />expense; and <br /> <br /> WHEREAS, the reservation of the aforesaid easement <br />within the closed portion of said Race Street upon the said re- <br />location Will not be required by the City of Portsmouth, Vir- <br />ginia. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the <br />City of Portsmouth, V~rginia, that upon the completion of the <br />relocation of the aforementioned utility lines presently located <br />within the closed portion of Race Street by Construction Asso- <br />ciates, Incorporated to the satisfaction of the City Manager, <br />the City Manager on behalf of the City of Portsmouth, is directed <br />and authorized to execute and to give unto Construction Associates, <br />Incorporated a deed of release of the interest of the City of <br />Portsmouth in and to said reserved easement within the limits <br />of the closed portion of Race Street as may be required and the <br />City Clerk is directed and authorized to duly attest said instru- <br />ment of release and attach the City Seal thereto. <br /> <br /> Adopted by the Council of the City of Portsmouth, Vir- <br />ginia, at a meeting held February 27, 1973. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />