Minutes 09/22/1998 - Laserfiche WebLink

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September 22. 1998 - City Manager's Report - 98 - 228 Adoption of a resolution authorizing the City Manager to convey two parcels of land adjacent to Water Street to the Portsmouth Redevelopment and Housing Authority (PRHA) for potential hotel development. Recommendation: Adoption of a resolution authorizing the City Manager to convey two parcels of land adjacent to Water Street to Portsmouth Redevelopment and Housing Authority (PRHA) for potential hotel development. Purpose and Need: · These parcels may be necessary for the development of the proposed conference center and hotel on the waterfront, and are titled to the City. Financial Impact: · PRHA will not pay for these parcels intended for development, but these parcels will be a taxable commercial parcel when and if developed. Motion by Mr. Pitts, and seconded by Mr. Berm, to adopt the following resolution, and was adopted by the following vote: "RESOLUTION AUTHORIZING THE CITY MANAGER TO CONVEY TWO PARCELS OF LAND ALONG WATER STREET TO PORTSMOUTH REDEVELOPMENT AND HOUSING AUTHORITY. BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that the City Manager be, and he hereby is authorized to convey to Portsmouth Redevelopment and Housing Authority the following described property, to-wit: PARCELI All that certain piece, or parcel of land lying situate, and being in the City of Portsmouth, Virginia, said parcel being the parking lot, situate at the southwest intersection of Water Street and Glasgow Street. LESS SAVE AND EXCEPT that portion of the lot which is situated a sanitary sewer pump station, said lot to be shown on a plat, exhibit or survey to be recorded simultaneously with said deed of conveyance. PARCELII All that certain piece or parcel of land, lying situate in the City of Portsmouth, Virginia, said parcel being bounded and described as follows: Bounded on the west by the right-of-way of Crawford Street, on the north and east by the right-of-way of Water Street and on the south by property now or formerly of Citizens Trust Associates, L.L.P., a Virginia Limited Liability Partnership, said property to be shown on a plat, exhibit or survey to be recorded simultaneously with said deed of conveyance. BE IT FURTHER RESOLVED, that' the City Manager be, and he hereby is, authorized to convey said proper~y under such terms and conditions as he shall deem appropriate and in the best interest of the City and may execute such deeds, easements, plats, exhibits, surveys or other documents necessary to give such conveyances effect."