2023 Resolutions (2) - Laserfiche WebLink

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R -23 -23 A RESOLUTION AUTHORIZING THE CONVEYANCE OF 2625 -2631 TURNPIKE ROAD AND 3115 AIRLINE BOULEVARD TO THE ECONOMIC DEVELOPMENT AUTHORITY. WHEREAS, the Virginia Department of Transportation performed a project to widen Turnpike Road in Portsmouth; and WHEREAS, VDOT acquired property necessary for the road widening project and upon completion of the project it conveyed all remnant parcels of the property that were not necessary for the project to the City of Portsmouth; and WHEREAS, the remnant parcels include 2625 -2631 Turnpike Road (Tax Map 0183, Parcels 0310 -0340) (the "Turnpike Property "); and WHEREAS, Gary Muhammad has offered to acquire the Turnpike Property for the construction of in -fill single family housing, and the Economic Development Authority has adopted a Resolution authorizing conveyance of the Turnpike Property to Gary Muhammad for a purchase price of $25,000, subject to City Council's approval of conveyance to the EDA; and WHEREAS, PRHA acquired property generally described as 3115 Airline Boulevard (Tax Map 0573, Parcels 0070 -0220) (the "Airline Property ") in the 1980s; and WHEREAS, PRHA was unable to attract a private redeveloper to acquire and redevelop the Airline Property between its acquisition in the 1980s and the year 2020; and WHEREAS, in 2020 PRHA conveyed the Airline Property to the City for a potential road project, but the City subsequently re- designed the project and determined that the property is not necessary; and WHEREAS, JOB Ventures, LLC has offered to acquire the Airline Property for office /storage use, and the Economic Development Authority has adopted a Resolution authorizing conveyance of the Airline Property to JOB ventures, LLC for a purchase price of $110,000 (the appraised value), subject to City Council's approval of conveyance to EDA; and WHEREAS, the conveyance and development of the Turnpike Property and the Airline Property would place the properties back on the tax rolls and save the City costs for mowing and other maintenance; NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that it approves and authorizes the conveyance of the Turnpike Property and the Airline Property to the Economic Development Authority; and BE IT FURTHER RESOLVED that the City Manager is authorized to execute and deliver one or more Deeds conveying the Turnpike Property and the Airline Property to the Economic Development Authority and to take such further actions as she deems necessary or appropriate in furtherance of the purpose of this Resolution.