Minutes 07/22/2008 - Laserfiche WebLink

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July 22. 2008 Ayes: Heretick, Moody, Psi mas, Randall, Smith, Whitehurst, Holley Nays: None 08 - 334 - Adoption of a resolution authorizing the School Board of the City of Portsmouth, Virginia to sell and convey approximately 4.0613 acres to the Portsmouth Redevelopment and Housing Authority. Vision Principle: A Robust and Prospering Economy and Thriving Neighborhoods and a Sense of Community. Background: . The Portsmouth Redevelopment and Housing Authority (PRHA) has made an offer to purchase the property directly from the School Board. . The addition of this parcel of the S. H. Clarke School site to the Jeffrey Wilson site would provide needed land for commercial development along the Frederick Boulevard Corridor. Discussion: . City Council is requested to adopt a resolution authorizing and approving the School Board of the City of Portsmouth, Virginia to convey 4.0163 acres by execution of a Deed and any other necessary documents to the Portsmouth Redevelopment and Housing Authority of the City of Portsmouth a portion of the above described property as shown on the Exhibit attached hereto and to do any and all acts necessary to effect said conveyance; and the School Board authorizing and approving the retention of the funds paid to the School Board by the Portsmouth Redevelopment and Housing Authority. Financial Impact: . The addition of this parcel to the Jeffrey Wilson site would provide needed land for commercial development along Frederick Boulevard. Staff Recommends: Adoption of resolution. Vision Principal: A Robust and Prospering Economy and Thriving Neighborhoods and a Sense of Community. Next Steps following Council Action: . The City Manager will execute the Deed conveying the property subject to such easements as may be necessary to be reserved for any City infrastructure lying within said parcel, and any other necessary instruments to convey to the Economic Development Authority of the City of Portsmouth that portion of the above property as shown on the Exhibit attached hereto, and to do any and all acts necessary to effect said conveyance. Motion by Ms. Psi mas, and seconded by Mr. Heretick, to adopt the following resolution, and was adopted by the following vote: "RESOLUTION AUTHORIZING THE SCHOOL BOARD OF THE CITY OF PORTSMOUTH, VIRGINIA TO SELL AND CONVEY APPROXIMATELY 4.0613 ACRES TO THE PORTSMOUTH REDEVELOPMENT AND HOUSING AUTHORITY. WHEREAS, the School Board of the City of Portsmouth, Virginia ("School Board") desires to sell and convey approximately 4.0613 surplus acres of the former S.H. Clarke School site to the Portsmouth Redevelopment and Housing Authority for use in the HOPE VI redevelopment plan for the former Jeffry Wilson Homes; and WHEREAS, the School Board intends to place the proceeds of said sale in a capital improvement fund to be used only for new school construction, school renovation, or major school maintenance projects, as required under Va. Code Section 22.1-129; and WHEREAS, said code section also requires that a local governing body approve such sales of property and the retention of the proceeds by the locality's school board.