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AN ORDINANCE ACCEPTING A GOVERNOR'S OPPORTUNITY FUND <br />GRANT AND APPROPRIATING $500,000 IN THE GRANTS FUND FOR THE <br />MAERSK/APM TERMINALS SITE DEVELOPMENT. <br /> <br /> BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br /> 1. That the City of Portsmouth accepts a grant from the Governor's <br />Opportunity Grant Fund in the amount of $500,000 and appropriates said amount in the <br />Grants Fund for the Maersk/APM Site Development. <br /> <br /> 2. That this ordinance shall take effect on the date of its adoption. <br /> <br /> ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held <br />on June 22, 2004. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />