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<br />
<br />.lanuary 8: 1974
<br />
<br />of the contract. In the event the contractor's operating statement shows a net profit
<br />of less than 8%, the City shall increase its monthly payment to the contractor to
<br />the extent necessary to show a net operating profit of 8% until the City's total annual
<br />contribution has reached $85,000. Once the City's annual contribution has reached
<br />$85,000, the City shall increase or decrease its monthly payment tO the extent necessary
<br />for the contractor to show a net operating profit of 4%.
<br />
<br /> In view of the need for such services in our City, it is my recommendation that
<br />the attached Contract be signed with the term of the contract beginning January 1,
<br />1974."
<br />
<br /> Motion of Mr. King and secondedi~:by Mr. Early, to conaur in the recommendation of
<br />the City Manager, was adopted by unanimous vote.
<br />
<br /> 74-8 "I submit the attached resolution and recommend its adoption. This appoints
<br />5 viewers for the closing of a portion of Nashville Avenue between Randolph Street
<br />and the Mt. Olive Cemetery. This is a paper street and the land is being used by
<br />the City's Public Works Department.
<br />
<br /> The need to close this portion of the street is in order for the City to sell a
<br />parcel of land which includes part of this paper street tO the Portsmouth Redevelopment
<br />and Housing Authority. They have requested this land in order that they can expand
<br />their maintenance shop."
<br />
<br /> On motion of Mr. Smith and seconded by Mr. Early, the fOllowing resolution was adopt,
<br />and by the fOllowing vote:
<br />
<br />"A RESOLUTION APPOINTING VIEWERS FOR CLOSING A PORTION OF NAShWILLE
<br />AVENUE LOCATED BETWEEN RANDOLPH STREET AND MT. OLIVE CEMETERY (S-73-17).
<br />
<br /> WHEREAS, the City of Portsmouth, Virginia, has made application to vacate and close
<br />the hereinafter described portion of a certain street and it appearing that notice of
<br />the application and request for the appointment'of viewers was duly posted on December
<br />14, 1973 on the several bulletin boards of the Circuit Court of the City of Portsmouth
<br />and on the bulletin board of the General District Court of the City of Portsmouth.
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia,
<br />that Frank N. Bilisoly, Raymond Tweed, Zalmon I. Blachman, Louis J. Leitner, and James
<br />L. Choate, be appointed viewers to view the hereinafter described portion of such street
<br />and report to this Council in writing whether in their opinion, any, and if any, what
<br />inconvenience would result from vacating and closing the following:
<br />
<br /> All that certain piece or parcel of land, lying and being in the City
<br />of Portsmouth, Virginia, and comprising that portion of Nashville Avenue
<br />located between the northe~n3L right of way line of Randolph Street
<br />on the South, and on the southern boundary line of Mt. Olive Cemetery
<br />on the North; such parcel of land being 60 feet, more or less, in
<br />width and 261.5 feet, more or less, in length."
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, WBntz, Barnes
<br />Nays: None
<br />
<br />UNFINISHED BUSINESS -
<br />
<br /> 73-505 - The following ordinance, poStp¢~¢da~fr¢~ meeting::of Decemb~r:~lS; 1973, w~s
<br />taken up and read:
<br /> "AN ORDINANCE TO AMEND THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA, 1961,
<br /> BY ADDING SECTIONS 18-102.1 AND 18-114 THERETO PERTAINING TO MAKING A
<br /> PORTION OF KING STREET AND AN UNNAMED SERVICE ROAD ONE WAY STREETS."
<br />
<br /> On motion of Mr. King and seconded by Mr. Smith, the ordinance was gpp~oved on first
<br />reading, and bM tke following vote
<br />
<br />Ayes: Ealry, Holley,
<br />Nays: None
<br />Abstaining: Wentz
<br />
<br />Johnson, King, Smith, Barnes
<br />
<br />(See EXhibit 73-505 - Letter from H. Thomas Fennell, Jr.)
<br />
<br />73-505 - The following ordinance, approved at last meeting, was taken up and read:
<br />
<br />?AN ~EDINANGE TO APPROPRIATE $34,300 FROM THE GENERAL CAPITAL IMPROVEMENT
<br />FUND FOR-THE EXTENSION OF A G-PJ~ITY SEWER LINE AT OR NEAR THE ALABkMA AVENUE
<br />PUMP STATION."
<br />
<br /> On motion of Mr. King and seconded by Mr. Smith, the ordinance was adopted, and by
<br />the following vote:
<br />
<br />Ayes: Early, Holley, Johnson, King, smith, Wentx, Barnes
<br />Nays: None
<br />
<br />
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