Minutes 12/12/1995 - Laserfiche WebLink

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December 12, 1995 A. That portion~..of Cambridge Avenue and D~troit Street bounded on the south by th~ northern right-of-way line of Hartford Street and on the north by a line bisecting the right-of-way of Cambridge Avenue located sixty (60) feet south of the northern right-of-way line of Detroit Street including that portion of Detroit Street previously dedicated to the City of Portsmouth; all of such portion lying within the boundaries of the property owned by Portsmouth Partners of Virginia known as River Edge Apartments (formerly Bariow Place). B. That portion of Wallace Circle and Greenbriar Road bounded on the west by the eastern right-of-way line of Cambridge Avenue and on the north by the boundary line of River Edge Apartments as it crosses Greenbriar Road; all of such portion lying within the boundaries of the property owned by Portsmouth Partners of Virginia known as River Edge Apartments (formerly Barlow Place). C. That portion of Potomac Avenue bounded on the south by the boundary line of River Edge Apartments as it crosses Potomac Avenue and on the north by the southern right-of-way line of Wallace Circle; all of such portion lying within the boundaries of the property owned by Portsmouth Partners of Virginia known as River Edge Apartments (formerly Barlow Place). D. That portion of Woodrow Avenue bounded on the east by the boundary line of River Edge Apartments as it crosses Woodrow Avenue and on the west by the eastern right-of-way line of Wallace Circle; all of such portion lying within the boundaries of the property owned by Portsmouth Partners of Virginia known as River Edge Apartments (formerly Barlow Place). E. An alley ten (10) feet in width running north from the northern right-of-way line of Hartford Street between Cambridge Avenue and Potomac Avenue and located partially on Lots 555 through 558 as they are shown on the Plat of Port Norfolk Investment Company recorded in the Clerk's Office of the City of Portsmouth in Map Book 2, at Pages 81 through 85." Ayes: Clemons, Griffin, Hawks, Martin, Pitts, Robinett, Webb Nays: None 95-554 - Letter from the City Manager recommending adoption of a motion to transfer $477,000 from the Emergency Contingency to Public Works for maintenance of streets and related facilities. "The City of Portsmouth receives funds from the Virginia Department of Transportation (VDOT) each year for street maintenance based on the lane miles of City streets. Due to an increase in the reimbursement rate by the State, the funds received this fiscal year will exceed the projected revenue by $477,000. These funds may only be used by the City for maintenance and repairs to City streets and related facilities and must be expended by June 30, 1996. The Director of Public Works recommends approval of these funds to be expended in accordance with State requirements on street maintenance. Since these anticipated revenues in the General Fund will cover the expected costs there will be no adverse impact to the budget. It is recommended that in order to expend these funds a motion to transfer from the General Fund Contingency (Emergency) Account be approved in the amount of $477,000."