Minutes 03/10/1998 - Laserfiche WebLink

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March 10, 1998 Recommendation: . · Adoption of a resolUtion authorizing the City Manager to convey property in PortCentre Commerce perk from the City to the Portsmouth Industrial Development Authority to facilitate the sale and development of these parcels. Purpose and Need: · The conveyance of this=properly will facilitate the sale and development of these parcels to five businesses (see attached map). · Street closures for a portion of Nelson Street as well as Fifth and Fayette Streets will be necessary for the development of these parcels and will be submitted on a docket in the future. Financial Impact: The total projeCted business investment is $8,060,000 to include 197 jobs. Motion by Mr. Clemons, and seconded by Mr, Berm, to adopt the following resolution, and was adopted by the following vote: "A RESOLUTION AUTHORIZING THE CITY MANAGER TO CONVEY SEVERAL PARCELS OF LAND IN PORTCENTRE COMMERCE PARK TO THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PORTSMOUTH, VIRGINIA. 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 the Industrial Development Authority of the City of Portsmouth, Virginia at such time, and under such terms and conditions as he shall deem to be appropriate and in the best interest of the City of Portsmouth the following described property, to-wit: All those certain pieces or parcels of land, situate in the City of Portsmouth, Virginia, being known, numbered and designated as Blocks 12, 16, 17, 18, 19, 20, 21 and 22 on that certain plat entitled: "Subdivision of PORTCENTRE COMMERCE PARK, Portsmouth, Virginia", dated November 6, 1986, made by Rouse-Sirine Associates, Ltd., Surveyors * Engineers * Planners, which said plat is duly recorded in the Clerk's Office of the~Circuit Court.of the City of Portsmouth, Virginia in Map Book 13, at page 254, and those portions of Fayette Street, Fifth Street and Nelson Street lying adjacent thereto which have been closed." Ayes: Benn, Clemons, Griffin, Martin, Pitts, Robinett, Holley Nays: None 98 - 50 Adoption of a resolution supporting the Virginia Department of Transportation's project for construction of the Pinners Point Interchange in the City of Portsmouth. Recommendation: Adoption of a resolution supporting the Virginia Department of Transportation's project for construction of the Pinners Point Interchange in the City of Portsmouth. Purpose and Need: Because project funding includes Portsmouth's Urban Funds, approval of project plans is required in order for the Virginia Department of Transportation (VDOT) to proceed with the purchase of required right-of- way.