Minutes 05/22/2001 - Laserfiche WebLink

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May 22, 2001 The amount to be deposited to the credit of the Clerk of the Circuit Court of the City of Portsmouth for said parcel is $2,250.00." Ayes: Benn, Griffin, Pitts, Robinett, Whitehurst, Holley Nays: None Abstained: Moody (Mr. Moody abstained because Wayne E. Smiley is his son-in-law). 01 - 173 - Adoption of a resolution authorizing the City Manager to convey several parcels of property and easements in the South Waterfront area to the Industrial Development Authority (IDA) for the development of the waterfront. These conveyances are necessary to finalize property transactions for the Ocean Marine Project. Recommendation: · Adoption of a resolution authorizing the City Manager to convey several parcels of property and easements in the South Waterfront area to the Industrial Development Authority. · These conveyances are necessary to finalize property transactions for the Ocean Marine Project. Purpose and Need: · Resolution Parcel 1 calls for the conveyance of Parcel 2 on the plat of Subdivision of Harbor Center Section One. This conveyance is required as the Development Agreement between IDA and Ocean Marine calls for IDA to encumber Parcel 2 with a permanent parking easement in favor of Ocean Marine. · Resolution Parcel 2 for the conveyance of the North Pier is required because the Development Agreement calls for that pier to be encumbered by IDA with a covenant which essentially forbids the use of the North Pier for businesses and operations that would be competitive with Ocean Marine's operations. The Development Agreement further calls for IDA to provide for easements along the north, east and western edges of the North Pier site for ingress, egress and utilities. · Resolution Parcel 3 for the conveyance of the South Inlet is included to insure all parties and particularly bond lenders that riparian rights of the South Inlet are to be included in the Lease. This particular conveyance also calls for the riparian rights of the City in those parcels which the City owns adjoining the South Inlet so that IDA may lease those riparian rights along with the South Inlet to Ocean Marine. Ocean Marine asserts this is needed to insure that the inlet is totally within their control, save and except preserved docking rights of the City. · Resolution Parcel 4 insures the right of IDA and its subsequent owners to drain storm water from Parcels 1 and 2 on the Plat of Harbor Center Section One into storm drain easements reserved and dedicated within property now belonging to IDA at the rear of the nTelos site and across a portion of the nTelos site. · Resolution Parcel 5 is necessary in order to provide IDA with the ability to provide to Ocean Marine an easement for vehicular and pedestrian access over the paved driveway which runs from the intersection of Water and Columbia Street around and parallel with the Seawall and provides access to the parking lot beneath City Hall. · Resolution Parcel 6 provides that the City will convey to IDA a utility easement and underground easement for fuel storage tanks immediately adjacent to the south side of the City Hall complex. The use of these facilities will be leased to Ocean Marine in order that utilities and gas and fuel for marine vehicles may be supplied to the marina. Financial Impact: · Development of this area should enhance the tax base of the City. Assessments for facilities as constructed will reveal the extent of such enhancement.