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R -18 -25 A RESOLUTION AUTHORIZING THE CONVEYANCE OF A 0.239 ACRE PORTION OF SPEIGHTS RUN RESERVOIR TO THE CITY OF SUFFOLK AND RELATED EASEMENTS TO THE CITY OF SUFFOLK, DOMINION ENERGY VIRGINIA AND VERIZON VIRGINIA, LLC IN FURTHERANCE OF THE WIDENING AND IMPROVEMENT OF ROUTE 58, AND FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE A SALES AGREEMENT AND ALL DEED(S) AND OTHER DOCUMENTS NECESSARY TO EFFECTUATE THE INTENT OF THIS RESOLUTION. WHEREAS, the City of Suffolk is preparing to widen and improve a portion of Route 58, also known as Holland Road, which abuts Speights Run Reservoir owned by the City of Portsmouth; and WHEREAS, the City of Suffolk has requested the City of Portsmouth to enter into an Agreement of Sale whereby the City of Portsmouth would agree to sell to the City of Suffolk a 0.239 acre (10,405 square foot) portion of Speights Run Reservoir along with easements required by said construction and subsequent maintenance; and WHEREAS, said Agreement of Sale further provides for the City of Portsmouth to convey a joint easement for utilities necessitated by said project to Dominion Energy Virginia and Verizon Virginia, LLC; and WHEREAS, the Agreement calls for the City of Suffolk to pay to the City of Portsmouth the sum of $10,078 as consideration for the right of way and necessary easements. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that for a purchase price of $10,078 it hereby authorizes the following conveyances: (1) to the City of Suffolk, a 0.239 acre (10,405 square foot) portion of the Speights Run Reservoir, permanent easements of approximately 0.077 acre (3,344 square feet) and approximately 0.254 acre (11,068 square feet) for maintenance of drainage and slope, and a temporary easement for construction of approximately 0.058 acre (2,530 square feet) to expire with completion of construction; and (2) to Dominion Energy Virginia and Verizon Virginia, LLC easements for utilities of approximately 0.395 acre (17,185 square feet); and BE IT FURTHER RESOLVED that the City Manager be, and she hereby is, authorized to execute a Sales Agreement and all necessary deed(s) and other documents as may be required to effectuate the intent of this Resolution. ADOPTED, by the Council of the City of Portsmouth, Virginia at a meeting held on October 9, 2018. Teste: City Clerk