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ORDINANCE NO. 2025-78 AN ORDINANCE AUTHORIZING THE SALE OF CERTAIN PROPERTY LOCATED IN THE 800 BLOCK OF LAKE KILBY ROAD TO THE CITY OF SUFFOLK FOR A PRICE OF $93,400 AND APPROPRIATING THE PURCHASE PRICE TO THE FY 2026 PUBLIC UTILITIES FUND BUDGET. WHEREAS, the City of Portsmouth currently owns an approximately 2.95 acre parcel located in the 800 Block of Lake Kilby Road in Suffolk and having a Tax Map Number of 24*40 (the "Property"); and WHEREAS, the Property and its surrounding area is shown on Exhibit A hereto; and WHEREAS, City of Suffolk has requested that the City of Portsmouth convey the Property for use in connection with the construction of a new fire station; and WHEREAS, the City of Suffolk has offered to pay the sum of $93,400 to purchase the Property; and WHEREAS, the conveyance of the Property to Suffolk and the development of a fire station thereon will not have a material impact on the watershed protecting Portsmouth's lakes; NOW THEREFORE BE IT ORDAINED by the Council of the City of Portsmouth, Virginia that: 1. It approves and authorizes the conveyance of the Property to the City of Suffolk for the sum of $93,400; 2. It appropriates $93,400 to the FY 2026 Public Utilities Fund Budget for use by the Department of Public Utilities; 3. Estimated revenues and expenditures in the FY 2026 Public Utilities Fund are increased by $93,400; 4. The Deed or related recorded documents shall contain a condition that, if the City of Suffolk decides not to build a Fire Station on the Property, the City of Portsmouth shall have a right of first refusal to repurchase the Property for $93,400; 5. The Deed or related recorded documents shall also contain a condition that, if the City of Suffolk builds a Fire Station on the Property and at any point in the future decides to use the Property for any purpose other than a Fire Station, the City of Portsmouth shall have a right of first refusal to repurchase Property for $93,400; 6. The City Manager is authorized to execute and deliver such deeds, documents, or instruments as may be necessary or desirable in furtherance of the intent of this Ordinance; and 7. This ordinance shall take effect as of the date of adoption.