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~HBRBAS, there was presented to this body, for consideration and approval, a copy
<br />of an amended Urban Renewal Plan for the project area, dated December, 1972, which Plan
<br />is entitled, "Redevelopment Plan for the Craw£ord Urban Renewal Project, No. Va. R-53
<br />Amendment VII", and consists of 15 pages and two exhibits; and '
<br />
<br /> WHEREAS, by resolution duly adopted December 19, 1972, said Portsmouth Redevelopment
<br />and Housing Authority adopted Amendment No. 7 to the said Planand has requested this Council
<br />to approve the said Amendment; and
<br />
<br /> WHEREAS, said Amendment has been carefully reviewed, and it appears that the said Redev
<br />velopment Plan, as amended, conforms to the general plan for development of the City of
<br />Portsmouth, as a whole, and gives due consideration for the provision of adequate parks,
<br />pedeStrian ways and recreation facilities as required by Section 105(a) of the Housing
<br />Act of 1949, as amended; and
<br />
<br /> WHEREAS, a public hearing on this matter was duly held on November 21, 1972;
<br />
<br /> WHEREAS, in the judgment of this Council it is in the interest of the City and its
<br />inhabitants that the said Amendment be approved;
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia:
<br />Section 1: That the aforementioned Amendment No. 7 to the Redevelopment Plan for the Crawfo~d
<br />Urban Renewal Project, Va. R-55, Portsmouth, Virginia, having been duly reviewed and con-
<br />sidered, it is hereby found:
<br />
<br />That the objectives of the Crawford Urban Renewal
<br />Project, Va. R-55, Portsmouth, Virginia, can be
<br />better achieved by the adoption of said amendment
<br />to the Plan.
<br />
<br />That the said Amendment No. 7 for the project
<br />area conforms to the general plan for the City
<br />of Portsmouth.
<br />
<br />Ce
<br />
<br />That it is hereby found and determined that
<br />Amendment No. 7 for the project area will
<br />ford maximum opportunity, consistent with the
<br />sound needs of the City as a whole, for the re-
<br />development of the area by private enterprise.
<br />
<br />Section 2: That the
<br />hereby approved and
<br />with the minutes of
<br />
<br />said Amendment No.
<br />
<br />7 has been
<br />
<br />the City Clerk
<br />this meeting.."
<br />
<br />is hereby directed to
<br />
<br />duly reviewed and considered and is
<br /> file a copy of said amendment
<br />
<br />Ayes: Early, Johnson,
<br />Nays: None
<br />Abstaining: Holley
<br />
<br />King, Smith,
<br />
<br />Wentz, Barnes
<br />
<br /> 72-525 - "I am in'receipt of the attached letter from the Virginia Port Authority
<br />requesting authorization to expend surplus funds of the Portsmouth Marine Terminal. They
<br />desire to make improvements at the terminal using profits generated from the operation
<br />of the facility. This is in accordance with the Unification Contract executed March
<br />1972.
<br />
<br /> The Authority'is asking to expend funds in the amount of $362,350. This is broken
<br />down as follows:
<br />
<br />Refrigerated Container Power Shore System
<br /> This is needed to supply APL and
<br /> Japanese Lines with shore electrical
<br /> power.
<br />
<br />$ 24,000
<br />
<br />Additional Truck Scales
<br /> These are needed to weigh incoming
<br /> containers as required by new Federal
<br /> Standards.
<br />
<br />$ 36,850
<br />
<br />Office Lighting Improvements
<br /> Required to comply with
<br /> Standards.
<br />
<br /> $ 6,500 $ 6,500
<br />new Federal
<br />
<br />Container Storage Area - West Side
<br /> This area is needed for storage area
<br /> behind the new berth extension that is
<br /> under construction.
<br />
<br />$295,000
<br />
<br /> At the end of the fiscal year June 30; 1972, there was a balance of surplus funds
<br />in the amount of $275,875.69. The City Council has previously authorized the expenditure
<br />of $15,556.86 from these surplus funds, In authorizing the above expenditures, it will
<br />require the use of $103,811.17. ~
<br />
<br /> I have discussed this request with representatives of the Virginia Port Authority.
<br />They have assured me that there will be sufficient surplus funds to finance these projects.
<br />Should any unforeseen occurrence take place to jeopardize this financing, the projects
<br />will not be completed. They further advise that there should be a substantial balance
<br />
<br />
<br />
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