Minutes 03/13/1934 - Laserfiche WebLink

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At a regular meeting of the City Council held March 13th, 1934, there were pres - Vernon A. BrOoks, Leslie T. Fox, W.R. Hutchins, Arthur Mayo, $.B. Moore, ~J. Alden Cast, Archibald Ogg and City Manager. Minutes of regular meetSng held February 27th, were read and approved. The following communications from the Oity Manager were read: let - "I submit herewith a proposed lease between the City and George T. McLean Company, Inc., for the lease-of land at the east end of South St., east of the land occupied by the Seaboard Air Lime Railway Company, for a te~m of one year from March 1st, 1934, at an annual rental of $24.00 payable semi-a~ually. This land is dest~d bT the George T. McLean Company in the operation of a large cement plant which they have built an~ are operating on adjoining property. 2he eeme~ plant which has been built by the McLean Company is one cf the largest and most modem in thin section of the State. The McSean Companynow has several large contracts which will keep thei~ plant in operation for several months and will give regular employment to quite a few people. They. are receiving materials daily by both train and boat. ' I have gone over this property with the city Attorney and Y~r, McLean and recommend that you approve the attached li~ and authorize its consummation by the proper city officials. The form of the lease was prepared by the City Attorney. The lease- "THIS DEED OF LEASE, Made the first day of March, t93~, be- tween the Oity of Portsmouth, a municipal corporation of the State of Virginia, party of the first part, and George T. McLean Oompany Imcerporated, party of the second part. WITNESSETH, That the said par~yof the first part doth de, mise unto the said pa~y of the second part, from the first of March, 1934, for the term of one year thence ensuing, the land at ~he east end of South Street, east of~the land occupied by the t~acks cf the Seaboard Air Line Railway Company, yielding therefor during said term the said sum of twenty four ($~4.O0) Dollars per annum payable semi-annually at the end of each six months period. The said City of Portsmouth reserves unto itsel~ the right to terminate this lease at any time by giving to the said party of the second part thirty days w~itten notice of such intention, giv- en through its executive officer or legislative or other governing body, and until such notice is given this lease shall.renew itself from year to year upon the same terms a nd conditions. It is agreed between the parties hereto that the said City of Portsmouth does not warrant the title to the said land and does not covenant for the said lessee~s quiet enjoyment thereof. The said City e/ Portsmouth reserves unto itself the right to use the said land for the extension of its sewerage and drain- ag~ system with the right to install new pipes and change or re- locate any existing pipes. The said lessee covenants to pay the rent and taxes upon amy improvements which he may erect upon the said l~nd which are subject to taxes under the laws of the State, and that the said City of Portsmouth may re-enter for ~em(10) days default in the payment of rent, or for the breach of any covenant. WITNESS THE FOLLOWING SIGNATURES AND SEALS: City of Portsmouth ATTEST: City Clerk. By President Mayor of of the Council an~ ex-officio the City of Portsmouth,Virginia. George T.McLean Company, Incorporated. By¸ "President. ATTEST: Secretary., Motion of Mr. Hutchins to concur in the Manager,s recommendation and that proper officers be authorized to execute said lease, was adopted. 2nd - The Manager presented the following resolution: "BE IT RESOLVED by the Council of the Oity of Portsmouth that, pending action by said Council and the State Corporation Commission of Virginia on the proposal of Virginia Electric and. Power eom?any to substitute motor bus service for the present