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<br />R-OB-30 <br /> <br />A RESOLUTION AUTHORIZING THE SCHOOL BOARD OF THE CITY OF <br />PORTSMOUTH, VIRGINIA TO SELL AND CONVEY APPROXIMA TEL Y <br />4.0613 ACRES TO THE PORTSMOUTH REDEVELOPMENT AND HOUSING <br />AUTHORITY. <br /> <br />WHEREAS, the School Board of the City of Portsmouth, Virginia ("School <br />Board") desires to sell and convey approximately 4.0613 surplus acres of the former S.H. <br />Clarke School site to the Portsmouth Redevelopment and Housing Authority for use in <br />the HOPE VI redevelopment plan for the former Jeffry Wilson Homes; and <br /> <br />WHEREAS, the School Board intends to place the proceeds of said sale in a <br />capital improvement fund to be used only for new school construction, school renovation, <br />or major school maintenance projects, as required under Va. Code Section 22.1-129; and <br /> <br />WHEREAS, said code section also requires that a local governing body approve <br />such sales of property and the retention of the proceeds by the locality's school board. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Council of the City of <br />P0l1smouth, Virginia that it hereby approves the sale and conveyance of the <br />aforementioned surplus property by the School Board to the Portsmouth Redevelopment <br />and Housing Authority and the retention of the proceeds therefrom by the School Board <br />for capital improvement and major maintenance projects in accordance with Section <br />22.]-129 of the Code of Virginia. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held on July <br />22, 2008. <br /> <br />Teste: <br /> <br />City Clerk <br />