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R-03-41 <br /> <br />A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A <br />MEMORANDUM OF UNDERSTANDING CONCERNING THE VIRGINIA SPORTS <br />HALL OF FAME. <br /> <br /> WHEREAS, the Virginia Sports Hall of Fame has long been an organization that <br />recognizes and honors the achievements of numerous Virginia athletes and sports figures ~n <br />many different sports; and <br /> <br /> WHEREAS, it has also contributed immeasurably to the quality of life of Portsmouth, <br />and to the recognition of Portsmouth throughout the Commonwealth of Virginia and beyond; and <br /> <br /> WHEREAS, it is now embarking on an ambitious expansion thru will allow the public to <br />more fully recognize the achievements of its honorees, and that will complement even more fully <br />the many attractions in our vibrant Olde Towne area; and <br /> <br /> WHEREAS, the fimding for this expansion will be from many sources, including the <br />Commonwealth of Virginia and private individual and corporate donors; and it is incumbent on <br />the City of Portsmouth to bear its fair share of this financial responsibility; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, <br />Virginia, that the City Manager, acting by and on behalf of the City, is authorized to execute the <br />attached Memorandum of Understanding concermng the Sports Hall of Fame, or one of <br />substantially similar effect; and he is further authorized to negotiate and to execute, on behalf of <br />the City and after approval as to form and legality by the City Attorney, such other and further <br />legal instruments as may be needed to effect the intent of the Memorandum of Understanding. <br /> <br /> ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held on <br />AUgust 12, 2003. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />