Minutes 02/14/1995 - Laserfiche WebLink

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006 February 14,1995 At a Regular Meeting of the City Council held on Tuesday, February 14, 1995, there were present: Mayor Gloria O. Webb, Vice Mayor Johnny M. Clemons, Bernard D. Griffin, Sr., James C, Hawks, James T. Martin, Ca,heron C. Pitts, P. Ward Robinett, Jr., V. Wayne Orton, City Manager; Stuart E. Katz, City Attorney. Jerome Johnson, 2nd Grade Student, Simonsdale Elementary School, opened the meeting with prayer which was followed by the Pledge of Allegiance to the Flag. Mayor Webb called the meeting to~order and welcomed all in attendance. Motion of Mr. Clemons, and seconded by Mr. Pitts, the minutes of a Called Meeting on January 23, 1995; a Called Meeting on January 24, 1995; and a Regular Meeting on January 24, 1995, be approved, and was adopted by unanimous vote. 95-69 - Presentation of a M~al of Honor Award to Lonnie Blow. Motion by Mr. Pitts, and seconded by Mr. Clemons, to · suspend the rules to hear the agenda items prior to the Non-Agenda Speakers, and was adopted by unanimous vote. - CITY MANAGER'S REPORT - 95-71 - Letter from the City Manager recommending adoption of an ordinance to appropriate $565,000 from the Capital Improvements Fund to the Portsmouth Redevelopment and Housing Authority and/or the Industrial Development Authority of the City of Portsmouth for use in the PortCentre Commerce Park to promote economic development in that area, a resolution authorizing the City Attorney to record Ordinance 1994-107 in Circuit Court, and a motion authorizing the City Manager to sign a Memorandum of Agreement. a) Ordinance to appropriate $565,000 fOr economic development purposes. b) Motion authorizing the City Manager to sign a Memorandum of Agreement. c) Resolution authorizing and directing the City Attorney to record Ordinance 1994-107 in the Clerk's Office of the Portsmouth Circuit Court, and waiving the option of the City Council to declare said ordinance null and void, and authorizing the City Manager to vacate and release the whole, or portion, of a drainage easement which meanders through PortCentre Commerce Park. "As you are aware, the City has been working on an Economic Development project for PortCentre for several months. The requested items (funds appropriation and authorization to sign the Memorandum of Agreement) will allow us to consuaunate negotiations and move forward with this major development. The authorization to fund the project will be temporarily borrowed from a project that has been approved in a prior year CIP, due to the necessity of acting in an expeditious manner on this appropriation. When the City goes to market for its next bond issue, the resolution will include this sum in the sale of these bonds, as well as the prior year authorizations, thereby reconciling and fully funding all authorizations. I hereby request that $565,000 be appropriated for site improvements on public property, and that you approve a motion authorizing me to sign the Memorandum of Agreement.