Minutes 01/08/1991 - Laserfiche WebLink

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January 8, 1991 As directed by the City Council, we have continued our negotiations with the Radnor/Barge Corporation, the owners of the City Hall.and Hoescht Celanese Buildings and have arrived at the point where~an:appropriation is n~eded as well as authorization-~to~p~oceed with the execution ef~the,necessary~ legal documen~s~.~ The purchase price for the two~ facilities is approximately $9,000,000 or, more specifically, $6,000,000 for the City Hall Building and $3,000i000 for the Hoescht Celanese Building. The City will purchase the City Hall Building and the Portsmouth Redevelopment and Housing Author~ity will purchase the~ other building. We will provide PRHA with 2,200,000 towards the purchase price coupled with an $800,000 mortgage to be repaid through the~.~ease.~ental payments. ~These~lease rental payments amount to $337,800 annually over {he nex~ three and one-half years and exceed the estimated mortgage payments.~ I have attached a cost analysis of the entire transaction for you information and~review. I recommend your favorable consideration of the appropriation ordinance in the amount of $8,200,000 and the motion to authorize me to execute the necessary documents ' h needed to purcnase t ese facilities. With your approval of this item, the balance in the Capital Improvement Fund will be $12,286,791." Hank Fal~lon, 341 Park Manor Road, Vice President of the Hedges Manor Civic League, spoke in opposition to the plan. George M. Rose~, 6407 Portsmouth Blvd., representing the Hedges Manor Civi. c'League, spoke against tke plan. Motion of Mr. King and seconded by Mr. Epperson, the following ordinance was adopted on first reading, and by unanimous vote: "AN ORDINANCE TO APPROPRIATE $8,200,000.00 FROM THE CAPITAL IMPROVEMENT FUND FOR THE PURCHASE OF THE BUILDINGS AT 801 CRAWFORD STREET AND 801 WATER STREET, PORTSMOUTH, VIRGINIA." Motion of Mr. Hawks and seconded by Mr. Epperson, to authorize the execution of the necessary documents for the acquisition of these facilities, and was adopted by unanimous vote. 91-10 - Letter from the City Manager recommending adoption of an ordinance to appropriate $253,800 from the Public Utility Capital Improvement Fund for the purpose of purchasing radios compatible with the citywide system. "The City implemented its 800 MHZ trunked radio.system in June of 1987. Publi~ Safety Departments were introduced first with other departments coming on line during the Fall of 1988. With the replacement of radio equipment fOr all personnel and vehicles, the Department of Public Utilities will now complete the City's transitions. ~ This project has ~been approved in th ! 9 0-95 Public Utilities Capital Improvement Plan. The city has received a proposal to provide necessary labor ands material to accomplish this task for $253,800 from Motorola. ~