Minutes 08/12/2003 - Laserfiche WebLink

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Au,qust 12, 2003 Motion by Mr. Whitehurst, and seconded by Ms. Randall, to concur with the recommendation of the Planning Commission that UP-03-19 be approved on first reading, and was adopted by unanimous vote. (c) GHP-03-06 DOWNTOWN NEIGHBORHOOD - J. Gregory Dodd of Horton and Dodd, P. C. requests a group housing use permit to construct twenty duplexes (40 units) and three triplexes (9 units for a total of 49 units) at a portion of the Westbury redevelopment area. The Comprehensive Plan recommends medium-density residential development. Motion by Mr. Whitehurst, and seconded by Mr. Moody, to concur with the recommendation of the Planning Commission that GHP-03-06 be approved on first reading, and was adopted by unanimous vote. - City Manager's Report - 03 - 272 - Adoption of an ordinance to appropriate $80,500 in the Public Utilities Capital Improvement Fund for Timber Management Expenses with the source of the funding to come from timber sales' proceeds. Recommendation: · Adoption of an ordinance to appropriate $80,500 in the Public Utilities Capital Improvement Fund for Timber Management Expenses with the source of the funding to come from timber sales' proceeds. Purpose and Need: · Portsmouth has actively managed its watershed property as part of an intensive forestry program since 1947 with the goal of continued production of good quality water. · Portsmouth utilizes a Watershed Forestry Plan developed by the Virginia Division of Forestry in 1982 (with recommendations made until 2005) and the services of a contract forester to manage its watershed timber resources. · The City's Watershed Superintendent and the City's contractor forester recommends that Portsmouth cut and sell timber from an 86-acre parcel of watershed property on Pitchkettle Road in Suffolk, VA and reserved a portion of the proceeds to pay the expenses related to the (1) advertisement and management of the sale; (2) reforestation of the area cut; and (3) updating the Department of Public Utilities Timber Management Plan. Financial Impact: · Based upon computed timber volumes and current estimated values, the timber on the 86 acres is estimated to sell for $587,500. Expenses related to the sale of the timber, reforestation and updating the Department of Public Utilities' Timber Management Plan (Virginia Forest Stewardship Program) are estimated to be $80,500. The City's Public Utility Fund would net an estimated $507,000. A. Estimated timber value for the tract $587,500 B. Less estimated survey cost, timber sale listing, ($33,000) advertisement, sale management and inspections C. Less estimated replanting cost with clearing ($42,250) allowance D. Less estimated Forest Stewardship Program ($5,250) expenses E. Estimated net proceeds $507,000