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<br />R-07-17 <br /> <br />A RESOLUTION AUTHORIZING A DEVELOPMENT AGREEMENT AND A <br />COOPERATION AGREEMENT FOR DEVELOPMENT OF A NEW PORTSMOUTH <br />CAMPUS FOR TIDEWATER COMMUNITY COLLEGE AT VICTORY CROSSING <br />BUSINESS PARK. <br /> <br />WHEREAS, the Council ofthe City of Portsmouth did on January 15,2002, October 29, <br />2002, June 8,2004, June 28, 2005, and April 11, 2006 adopt Resolutions numbered R-02-05, R- <br />02-61, R-04-32, R-05-26, and R-06-22, respectively, each for the purpose of facilitating <br />development of a new Portsmouth Campus for Tidewater Community College; and <br /> <br />WHEREAS, the City Council's demonstrated long-term commitment to provide <br />enhanced educational opportunities and thus improve the lives of its citizens through the <br />relocation of this campus is about to be realized as a consequence of extensive negotiations <br />conducted by staff, under the policy guidance of City Council, <br /> <br />NOW, THEREFORE BE IT RESOLVED by the Council of the City of Portsmouth, <br />Virginia, that the City Manager, acting for and on behalf of the City, is hereby authorized and <br />directed to execute, deliver, and implement a "Cooperation Agreement" and a "Development <br />Agreement" for development of a new Portsmouth campus for Tidewater Community College at <br />Victory Crossing Business Park. Said documents shall be substantially the same as the sample <br />documents that are attached hereto. <br /> <br />BE IT FURTHER RESOLVED that this resolution shall take effect immediately upon <br />its enactment. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held on <br />April 24, 2007. <br /> <br />Teste: <br /> <br />City Clerk <br />