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<br />August 14, 1975
<br />
<br /> 73-546 - "I submit the attached two ordinances and recommend they be placed on
<br />first reading. One ordinance amends the Supplemental Retirement System and the other
<br />amends the Fire and Police Retirement System to provide vesting rights to City employees.
<br />
<br /> The ordinances provide that employees with ten years of service will have 50% vested
<br />rights in retirement benefits. They shall also receive 5% for each additional year
<br />up to twenty years of service.
<br />
<br /> Employees under the Supplemental System who leave the employment of the City under
<br />the vested interest rights cannot receive retirement benefits until age sixty-five.
<br />Under the Fire and Police system, they must attain age sixty-two.
<br />
<br /> This also amends the Supplemental System to prohibit membership to anyone employed
<br />after age fifty-five."
<br />
<br /> On motion of Mr. Smith and seconded by Mr. Johnson, the following ordinanc~ were
<br />approved on first reading, and by the following vote:
<br />
<br />"AN ORDINANCE TO AMEND THE CODE OF~THE CITY OF PORTSMOUTH, VIRGINIA,
<br />1961, BY AMENDING SECTIONS 26-20, 26-51, 26-32 and 26-34 THEREOF PER-
<br />TAINING TO THE PORTSMOUTH SUPPLEMENTAL RETIREMENT SYSTEM."
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br />Nays: None
<br />
<br />~3~38RDtNANCE TO AMEND THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA,
<br />196r, BY AMENDING SECTIONS 26-65 and 26-?6 THEREOF PERTAINING TO THE
<br />PORTSMOUTH FIRE AND POLICE RETIREMENT SYSTEM."
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br />Nays: None
<br />
<br /> 73-547 "At the p~esehg time, the City is awaiting the receipt of a deed conveying
<br />approximately one~nda~half acres of land owned by the Seaboard Coast Line Railroad.
<br />The land is directly the rear of the present Municipal~Building.
<br />
<br /> On August 1S, 1972, the Railroad Company, by indenture, granted to the Virginia
<br />Department of Highways a righ~e~way and easement for construction purposes incident
<br />to the Crawford Street Connector over a portion of the hereinabove mentioned parcel
<br />of land.
<br />
<br /> The Legal Department feels it is in the City's best interest to have the Railroad
<br />Company assign its rights and interest in the said easement to the City of Portsmouth.
<br />To accomplish this, I recommend that I be authorized to!sign an agreement of assignment
<br />with the~Railroad Company."
<br />
<br /> On motion of Mr. Smith and seconded by Mr.
<br />a~epte, d~ ~ d ~.~th~-~llowzng vote.
<br />
<br />Johnson, the following
<br />
<br />~'e$o!dtien was
<br />
<br />,,A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT
<br />WITH THE SEABOARD COAST LINE RAILROAD COMPANY CONCE~RNING THE ASSIGNMENT
<br />OF THE RAILROAD'S RIGHTS AND INTEREST TO A CERTAIN EASEMENT HELD BY THE
<br />VIRGINIA DEPARTMENT OF HIGHWAYS WHICH SAID EASEMENT IS LOCATED WITHIN A CER-
<br />TAIN TRACT OF LAND TO BE'CONVEYED TO THE CITY OF PORTSMOUTH BY THE SEABOARD
<br />COAST LINE RAILROAD COMPANY.
<br />
<br /> WHEREAS, the Seaboard Coast Line Railroad Company has agreed to deed a certain
<br />tract of land consisting of 1.481 acres, more or less, to the City of Portsmouth; and
<br />
<br /> I~EREAS, prior to said conveyance, the Railroad Company by indenture dated August
<br />iS, 1972, granted to the Virginia Department of Highways of the Commonwealth of Virginia,
<br />a right of way and easement for construction work purposes, incident to the construction
<br />of the Crawford Street Connector, on and over a portion of said 1.481 acres of land;
<br />and
<br />
<br /> WHEREAS, the Railroad Company and the City of Portsmouth mutually desire that the
<br />Railroad Company assign its rights and interest in said easement to the City of Portsmout
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia,
<br />in a regular meeting assembled that the City Manager of said City be, and he hereby
<br />is, authorized to enter into an agreement with the Seaboard Coast Line Railroad Company,
<br />and to sign same on behalf of said City whereby said Railroad Company grants unto said
<br />City its rights and interest in said easement as set forth in the hereinabove mentioned
<br />agreement a copy of which agreement is f~led with this City Council."
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, Wentx, Barnes
<br />Nays: None
<br />
<br /> 7~-348 - "I submit the attached resolution and recommend its adoption. This agrees
<br />to the City providing the right-of-way for the construction of the extension of Moorview
<br />Avenue over the Seaboard Coast Line tracks. The City also agrees to maintain the street
<br />as a public right-of-way. This crossing is necessary as the industrial land west of
<br />the Greenwood Drive interchange, when built, will have no access.
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