Minutes 05/22/2007 - Laserfiche WebLink

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May 22, 2007 Next Steps Following Council Action: . Pending approval, the Sheriff will assign these two Deputy Sheriffs to the General District Court Motion by Mr. Heretick, and seconded by Mr. R Smith, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE APPROPRIATING $83,350 IN THE FY 2007-2008 GENERAL FUND FOR THE COST OF TWO ADDITIONAL DEPUTY SHERIFFS IN THE GENERAL DISTRICT COURT." Ayes: Heretick, Moody, Psi mas, Randall, D. Smith, R Smith, Holley Nays: None 07 - 243 - Adoption of a resolution, adopted after public hearing conducted pursuant to Section 15.2-1903(B) of the Code of Virginia, authorizing the acquisition of real property with the street address of 1128 Harrell Street, Portsmouth, Virginia, commonly known as the "Crab Shack," plus adjacent properties owned by the Park View Home Company, for a public park to provide public waterfront access, and authorizing the use of the power of eminent domain for this purpose, if necessary. Vision Principle: Thriving Neighborhoods and a Sense of Community Background: . A public park is needed in this part of the city as a neighborhood enhancement, and also to provide additional public water access for our citizens. This property will be acquired for that purpose. Discussion: . The property is adjacent to certain property already owned by the City. . Upon acquisition, it will be combined with the already-owned property to create a neighborhood park that also provides public water access for citizens. . Negotiations will be conducted by PRHA as agent for the City, working with the City Attorney. The power of eminent domain will be authorized for this acquisition, to be used if necessary. . The acquisition is expected to be complete during FY 2007-08. Financial Impact: . The City will pay fair market value ("FMV") to acquire this property. There will also be administrative costs not expected to exceed $15,000 associated with the acquisition. While assessed value is not always an absolute indicator of FMV, the current assessed value is $128,420. Once more accurate information about FMV is obtained, it will be provided to Council so that acquisition funding can be included in next year's budget Once the property is acquired and the park is complete, it is expected to increase the assessed value of homes in the neighborhood, resulting in an indeterminate amount of additional tax revenue every year thereafter. Staff Recommends: Adoption of proposed resolution. Vision Principle: Thriving Neighborhoods and a Sense of Community Next Steps Following Council Action: . Pending approval, PRHA and the City Attorney will engage in good faith negotiations with the owner and proceed to take such steps as are necessary to acquire the property. Motion by Mr. Moody, and seconded by Ms. Randall, to adopt the following resolution, and was adopted by the following vote: