Minutes 07/12/2005 - Laserfiche WebLink

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July 12. 2005 05 - 314 - Adoption of a resolution authorizing the City Manager to execute a Deed and other instruments necessary to convey a 60 foot City owned right-of-way to the U.S. Navy at its appraised price of $15,000.00 and subject to the City's retention of a 30 foot easement. Vision Principle: Bold New Directions. Background: . In December of 1936, the Virginia Electric & Power Company (VEPCO) conveyed to Norfolk County a 60-foot right-of-way for use as a highway or road in return for VEPCO releasing its rights to operate electric streetcars in the streets of Cradock. VEPCO retained the right to maintain and operate a power line, and the U.S. Navy retained the right to place a water main in this right-of-way. . A portion of the 3.7169 acre right-of-way (0.9202 acre or 24.6%) is jurisdictional wetlands, further reducing its potential use and value. . As a result of the 1948 annexation, this right-of-way became the property of the City of Portsmouth, but the City never had use for it since Victory Blvd. was built parallel to it. . The right-of-way provides access to the U.S. Navy's Paradise Creek Disposal Area. The Navy is preparing to "cap" this area as part of their environmental remediation of the disposal area, and requires the City's right-of-way to provide and control access to their site. Discussion: . The City's conveyance of this right-of-way will not conclude the City's interest in this property. The Office of the City Attorney in consultation with the Department of Public UtilitieslWorks will retain a 30 foot easement over the corridor from its north end at Elm Avenue to Paradise Creek in case future drainage improvements should ever be required. The Navy has agreed to the sale based on its appraised value, subject to this easement. . Financial Impact: The Office of the City Attorney commissioned an independent appraisal of the right-of-way (James F. Windley, MAl, May 2005). This appraisal established the highest and best use of this property as a transportation and utility corridor, and set its value at $15,000.00. Staff Recommends: Adoption of a Resolution authorizing the City Manager to execute a Deed and other instruments necessary to convey a 60 foot City owned right-of-way to the US Navy at its appraised price of $15,000.00 and subject to the City's retention of a 30 foot easement. Vision Principal: Bo/d New Directions. Next Steps following City Council Action: . The City Manager will execute the Deed and other required documents on behalf of the City. . The Office of the City Attorney will hold a closing on the property with the US Navy to properly conclude the sale. Motion by Mr. Moody, and seconded by Mr. Whitehurst, to adopt the following resolution, and was adopted by the following vote: "A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A DEED AND OTHER NECESSARY INSTRUMENTS TO CONVEY TO THE UNITED STATES NAVY THE CITY'S INTEREST IN A 60 FOOT WIDE RIGHT-OF-WAY (CONTAINING 3.7169 ACRES) LOCATED BETWEEN VICTORY BOULEVARD AND BURTON'S POINT ROAD. BE IT RESOLVED by the Council of the City of Portsmouth, Virginia that the City Manager be, and he hereby is, authorized to execute a contract, deed and other necessary instruments and plats to convey to the United States Navy the City's interest in a 60 foot wide right-of-way (containing 3.7169 acres) located between Victory Boulevard and Burton's Point Road, subject to the City's retention of a 30 foot easement over the corridor from its north end at Elm Avenue to Paradise Creek in case future drainage improvements should ever be required and upon such other terms and conditions as he shall deem to be in the best interest of the City of Portsmouth."