Minutes 09/26/1995 - Laserfiche WebLink

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= 299 September 26, 1995 ~ . WHEREAS, t~e~ounciI of the. City of Portsmouth deems it to be mn the best mnterest of the City to make application to the Virginia Department of Housing and Community Development for designation of a certain portion of the City as an Enterprise Zone~, comprising generally.the Mid-town, Tower Mall, Fairwood ann Truxton areas of the Cmty, to be eligmble for the benefits of said Act; and WHEREAS, the Council of the City of Portsmouth has reviewed and considered the regulations and the application concernmng the regular?fy flexibility and tax incentives to be provided, which wmll mnclude (1) permit fee exemptions; (2) the Facade LoanI Program through Portsmouth Redevelopment and Housing AuthOrity; and (3) ten (10) year partmal real estate tax abat~ent for rehabilitated structures; and th~ administration of such areas and deems the same to be approprmate; and ad~ of iS, pox De~ pre hex adh des Aye Nay 95- adc Red WHEREAS, the City of Portsmouth's Department of Economic e~opment has agreed to be designated as program inistrator. NOW, THEREFORE, BE IT RESOLVED by the Council P~rtsmo~th, Virginia, that the City Manager be, authormzed to make application for designation tions of the City as a second Enterprise Zone. of the City and he hereby of certain BE IT FURTHER RESOLVED that the City of Portsmouth's artment of Economic Development shall be designated as the gra~ administrator. BE IT FURTHER RESOLVED that the City Manager be, and he eby ms, authorized to submit all information necessary in n~ction with such application and to meet all other inistrative and reporting program requirements upon such i~nation." s~ Clemons, Griffin, Hawks, Martin, Pitts, Robinett, Webb s I None ~9 - Letter from the Acting City Manager recommending ption of a motion author.izing the Acting City Manager to =~te a Consent Decree which defines the City's, Portsmouth ~velopment and Housing Authority' s, and Pneumo Abex' edmatmon responsmbmlmtmes as to the Abex Superfund site. "The Environmental Protection Agency has submitted to the City a proposed Consent Decree which would allocate the clean-up and Other remediation responsibilities with respect to the Abex Sup~tfund Site. Under the Decree, the City is obligated to prowide certain in-kind servmces such as traffic direction and assistance mn the obtamnmng of local permmts, and is required to coo0erate mn the general clean-up activities. It ms, however, spa cle hay suc of cie Dec red the significant cost that will be associated with the ~n - up. The Portsmouth Redevelopment and Housing Authority will ~isimilar in-kind responsibilities. Pneumo Abex, the =~ssor to the foundry which has been identified as the source the lead contamination, will be required to conduct the ~n-up activities outlined in the previously-issued Record of [sion (ROD). The City Attorney has reviewed the proposed Decree, and bothih~ ~nd I recommend that City Council adopt a motion aut~rizmng me to execute the document on behalf of the City."