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[97 <br /> <br />D~embe~lO; 1991 <br /> <br /> That-the~City AttorneyPbe; ~nd~he hereby~ is, direc~ <br />institute eminent domain proceedings against the -- --- <br />hereinafter-described property situate in the City of P. <br />Virginia, for the purpose of acquiring fee simple title <br />pursuant to, Sections 2'.06;-2~07-and'2.08 of the Charter <br />City of Portsmouth, Virgin,ia-,-a~-~m~nd~d;~an~to~.deposi~ <br />credit of~th~ Clerk of the~Circuit~Court-of~the C~ty--of <br />as provided~b~-law the'sum~re~nafter specified t~ com <br />owner(B)~of~the property~designated-and shown-as ~'Plat <br />Parcel^Q~d~'By Star Ente~r~s~ To' Be Acquired B~ Cit~ <br />Portsmouth~ Virginia, High Street~Tmprovemehts=R/W'A~qu~ <br />Portsmouth, Virginia" made by Hassell & Folkes, P.C., Er <br />Planners,~Chesapeake, Virginia, ~at~d July 17,~'t99'1, a ¢ <br />which saldpl~ is attached hereto an~ made a part here¢ <br /> <br /> ~-Thb~nam~· of the property owner is Star Enterprise% <br />Partn~r~hip-. ....... ~ .... <br /> <br /> The amount to be deposited to the credit of the Ct~ <br />Circu~t Go~r't of the City of Portsmouth is $11'00.00. <br /> <br />Aye~'Clemi0hs% Corprew, 'Epperson,~-i~g; H~awk~.~-Lucas,. <br />Nays: None <br /> <br /> 91-441 - Letter from the City Manager recommending <br />of a resolution authorizing the payment of Sl,912.50 in <br />znteres% ~ou~ons appertaining~-to ~City of Portsmouth, Vir <br />Port Improvement Bonds, Series 1975 to Ann W. Cutchins. <br /> <br /> "We h-av~ ~been 'notified that~ ~nn W. Cutchi~ns~ the ow <br />of our be~a~r'e~ bonds issued~ ih"1975-for P~rt ~mp~rovements <br />coupons which matured and were p~yabte on No~embe-r-~1, 719 <br />ten coupon~'IoBt are each wor~-k~$191~.25 each for a total <br />$1,912.50 due to Ms. Cutchins. <br /> <br /> While' su~ch occurrences 'are'-mo~t infrequent, ~ther-e a <br />p~i~'io~s--in'the State ~coc~e~to' verify the-loss and ~to m <br />payments ~o :the bond holder.' We~h'ave ,d~tenmi-ned t-ha~tth <br />were never '~ashed, that Ms~ Cutchins holds the~orig-in-al <br />bonds, and she has further executed an affidavi~ to the ( <br />that the coupons were lost. In addition, we have a vali~ <br />payT~e~t[on the coupons ~ith the ~ba~nk. ~ <br /> <br /> .... The resolution aqthorizing the payment of~the inter <br />bon~ds has beeh prepared by the City's bond counsel and r <br />the' City Attorney. The Director of~Finance recommends, <br />concur with his recommendation t,hat t,h,e reselution be ad <br />the City ~ouncil to pay Ms. Cutcnins. <br /> <br /> t of Mr. Hawk~ and seconded iby Mr~ .Epperson, t <br />following resolution was adopted, and by"the following v. <br /> <br /> '""A-RESOLUTION AUTHORIZING THE~PAYMENT-OP THE LQST ~ <br /> - - CO~3P©NS"APPERTAINING~ TO CITY- OF PORTSMOUTH., VIRGtNL <br /> IMPROVEMENT BONDS; SERIES 1975. - .... - <br /> <br />~=d to <br /> <br />~tsmouth, <br />thereto <br />Df the <br />to the <br />9ortsmouth <br />~nsate the <br />~owing <br /> <br />iition, <br />ineers & <br />~y of <br /> <br />New York <br /> <br />k of the <br /> <br />)b <br /> <br />doption <br />.ost <br />linia, <br /> <br />~er of ten <br /> has lost <br />~0. The <br />of <br /> <br />'e <br />~ke <br /> coupons <br />,earer <br />ffect <br /> stop <br /> <br />st on the <br />viewed by <br />nd I <br />Dted by <br /> <br />te: <br /> <br />TEREST <br /> PORT <br /> <br /> WHEREAS, Ann W. Cutchins, the owner (the "Owner"% m ~ <br />advised o~flclals of the City-of Portsmouth,~Vlrgln~a (t~e <br /> City ), that the interest coupons appertaining to tne <br />hereinafter-described bonds of the City in bearer form ~ach such <br />coupon being-numbered ~oupon~-number 3~and be{ng-in~ th~amount of <br /> 191.25, which coupons matured'and became due and payabl~ on <br />Nove~be~l, Y990 have be'eh~ lost; and '~ . ~ <br /> <br /> <br />