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'" ORDINANCE 1IO~010-33 . ~_. AN ORDINANCE AUTHORIZING THE CONVEYANCE OF CERTAIN PROPERTY INTERESTS NEEDED FOR CONSTRUCTION OF AN ELECTRIC TRANSMISSION AND DISTRIBUTION LINE OVER AND ACROSS PROPERTY OF THE CITY OF PORTSMOUTH IN THE CITY OF SUFFOLK, VIRGINIA. WHEREAS, Virginia Electric and Power Company ( VEPCO ) has determined that it is necessary to construct a new electric transmission and distribution line from Carson, Virginia to the City of Suffolk; and WHEREAS, it is necessary that a portion of the line to be constructed across City of Portsmouth property located in the City of Suffolk, which is used as watershed for the City's reservoirs and lakes; and WHEREAS, the new line will be built almost entirely adjacent to an existing line of VEPCO which also crosses the City of Portsmouth property; and WHEREAS, the new line will require certain real property interests, including certain easements, in order for it to be built and to operate within the boundaries of the property of the City of Portsmouth; and WHEREAS, construction of the new line has begun west of the Tidewater area, and it is imperative that the necessary property rights for the line be obtained as soon as possible. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: 1. That the City Attorney shall determine what property interests are needed from the City of Portsmouth in order for the line to be built and operated. In making that determination, the City Attorney shall protect the interests of the City and shall retain such easements and/or property rights as may be necessary for all reasonable present and future operational needs of the City. 2. The City Attorney shall prepare a Cooperation Agreement with the Economic Development Authority of the City of Portsmouth by which the City will convey said property interests to the Authority for the purpose of having the Authority convey them to the VEPCO, in accordance with Virginia law concerning property transfers by public entities. The terms of conveyance shall require the grantee to pay fair compensation for said property interests. 3. The property interests authorized by this ordinance may include, as necessary fee simple interests, permanent easements, temporary easements and licenses.