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R -20 -13 <br />A RESOLUTION AUTHORIZING THE CONVEYANCE OF 2520, 2610 AND 2614 <br />TURNPIKE ROAD TO THE ECONOMIC DEVELOPMENT AUTHORITY. <br />WHEREAS, the Virginia Department of Transportation performed a project to widen <br />Turnpike Road in Portsmouth; and <br />WHEREAS,VDOT acquired property necessary for the road widening project and upon <br />completion of the project it conveyed all remnant parcels of the property that were not necessary <br />for the project to the City of Portsmouth; and <br />WHEREAS, the remnant parcels include 2520 Turnpike Road (Tax Parcel 0183- 0480), <br />2610 Turnpike Road (0183- 0550), and 2614 Turnpike Road (0183 -0560) (the "Property "); and <br />WHEREAS, the Economic Development Authority intends to convey the Property for <br />single family residential development, and <br />WHEREAS, the development of the Property would provide new housing stock, and <br />would benefit the City and its residents financially by returning the Property to the tax rolls and <br />saving the City costs for mowing and other maintenance; <br />NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, <br />Virginia, that it approves and authorizes the conveyance of the Property to the Economic <br />Development Authority; and <br />BE IT FURTHER RESOLVED that the City Manager is authorized to execute and <br />deliver one or more Deeds conveying the Property to the Economic Development Authority and <br />to take such further actions as she deems necessary or appropriate in furtherance of the purpose <br />of this Resolution. <br />ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held on <br />June 9, 2020. <br />Teste: <br />City Clerk <br />