Minutes 11/10/1998 - Laserfiche WebLink

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3. Allen Albert, 999W~terside DriW?~Uite 2525~ Norfolk, speke in support of hotel and urged CounCil to be mindful of placement of hotel and other issues of Admiral's Landing residents. Motion by Mr. Benn, and seconded by Mr. Moody, to suspend the rules and allow Mr. Connolly to speak for foUr (4) additional minutes, and was adopted by unanimous vote. William Connolly, 475 Water Street, spoke in support of the hotel but asked that the City consider moving the hotel back 22 feet so that the waterfront view will not be impeded. 5. Robert Barclay, I North Point Drive, representing= the Planning Commission, spoke in support of the hotel. 6. Elizabeth Psimas, 5013 Dogwood Trail, business owner, spoke in support of the hotel. 7. Ann Davis, I Crawford Parkway, Apt. 101, representing the Portsmouth Chamber of Commerce, spoke in support of the hotel. 8. Robert T. Williams, 4296 Hatton Point Lane, representing the Portsmouth Industrial Development Authority, spoke in support of the hotel. Motion by Mr. Moody, and seconded by Mr. Whitehurst, to adopt the following resolution, and was adopted by the following vote: "RESOLUTION OF THE COUNCIL OF THE CITY OF PORTSMOUTH, VIRGINIA, APPROVING THE FORM AND THE TERMS, CONDITIONS AND PROVISIONS OF A COOPERATION AGREEMENT TO .BE ENTERED INTO BY AND BETWEEN SUCH CITY AND THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PORTSMOUTH RELATING TO AN ISSUE OF REVENUE BONDS TO BE ISSUED BY SUCH AUTHORITY IN CONNECTION WITH THE FINANCING OF THE COSTS OF A HOTEL, CONFERENCE CENTER AND PARKING GARAGE AND AUTHORIZING AND DIRECTING THE CITY MANAGER OR ANY DEPUTY CITY MANAGER TO EXECUTE AND DELIVER OF SUCH COOPERATION AGREEMENT; AND FURTHER AUTHORIZING THE CITY MANAGER OR ANY DEPUTY CITY MANAGER TO EXECUTE AND DELIVER A CONTINUING DISCLOSURE CERTIFICATE OR AGREEMENT IN CONNECTION WITH THE ISSUANCE OF .SUCH REVENUE BONDS BY SUCH AUTHORITY. BE IT RESOLVED BY THE COUNCIL OF THE CITY OF PORTSMOUTH, VIRGINIA: SECTION A. Findings and Determinations. The Council (the "Council") of the City of Portsmouth, Virginia (the "City"), hereby finds and determines as follows: (1) On August 1, 1967, the Council approved the Crawford Conservation and Redevelopment Plan for the Crawford Urban renewal project, VA R-53 (which, together with all amendments thereto, is hereinafter called the "Plan"), providing for the acquisition, clearance and redevelopment of certain properties lying within the City, as described in the Plan. (2) In execution of the Plan, the Industrial Development Authority of the City of Portsmouth (the "Authority") has acquired and intends to acquire certain property and property rights in the Crawford Urban renewal project (the "Property").