Minutes 05/28/2002 - Laserfiche WebLink

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May 28, 2002 (o) The applicant must provide an approved plan to store, handle and remove trash/garbage on site. (p) All taxes and fees, including guest lodging taxes, owed in connection with the subject property and operation shall be paid in a timely manner. 4. REVOCATION OF PERMIT: Violation of any of the above conditions may serve as grounds for revocation of the use permit by the City Council." Ayes: Benn, Griffin, Moody, Pitts, Robinett, Whitehurst, Holley Nays: None - City Manager's Report - 02 - 158 - Adoption of a resolution authorizing the sale of Sleepy Hole Golf Course and certain water transmission facilities to the City of Suffolk. Recommendation: · Adoption of a resolution authorizing the sale of Sleepy Hole Golf Course and certain water transmission facilities to the City of Suffolk. Purpose and Need: · The City has owned Sleepy Hole Golf Course since 1966, having obtained it largely through a federal grant. It is of only marginal value to Portsmouth residents because of its location several miles outside the City, and also because of the recent major enhancements to the City's Bide-A-Wee Golf Course and the Links at City Park, both of which are located within the City. · The City has earned only marginal financial returns from its operation of Sleepy Hole in recent years, it is not a lucrative financial investment, and it burdens the City with the continued responsibility of management and oversight. · The sale of Sleepy Hole to Suffolk on mutually fair financial terms, as provided in the attached contract, will yield significant financial gain for the City. · The water transmission facilities, which are to be sold with the golf course, are of little value to Portsmouth but of significant value to Suffolk. Conveying them to Suffolk for fair compensation, as provided in the attached contract, benefits both Suffolk and Portsmouth. Financial Impact: · The City will receive a purchase price of $4.4 million, payable half at closing on the Golf Course, half on conveyance of the water transmission facilities. · The City will pay to construct certain new water transmission facilities for its own use, at an approximate cost of $400,000. 1. J. Brewer Moore, 308 Bobby Jones Drive, spoke on the background of Sleepy Hole Park. 2. Mark Geduldig-Yatrofsky, 363 Middle Street, spoke in support of this item. Motion by Mr. Robinett, and seconded by Mr. Moody, to adopt the following resolution with the implementation of the approval by Suffolk City Council and also, the City Manager and City Attorney to resolving any remaining matters, so as to protect the City's interest, and was adopted by the following vote: "A RESOLUTION AUTHORIZING AN AGREEMENT WITH THE CITY OF SUFFOLK FOR THE SALE OF SLEEPY HOLE GOLF COURSE AND CERTAIN WATER TRANSMISSION FACILITIES. BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that: