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<br />April 14. 2009 <br /> <br />Discussion: <br />. Planning has determined that it would be in the best interest of the City to retain <br />ownership of remainder of the City's property in order to better control development <br />around the lake. <br /> <br />Financial Impact: <br />. The proposed purchaser will pay all City costs of surveying associated with his <br />purchase. In the event that this small area should be worth more than the cost of <br />surveying as calculated by the Assessor, then the City would receive a small amount of <br />money for the land conveyed. <br /> <br />Staff Recommends: <br />. Adoption of a resolution authorizing the City Manager to execute a Deed and any <br />other necessary documents to convey to the Economic Development Authority of the <br />City of Portsmouth, Virginia a portion of that parcel of land located at 1501 McDaniel <br />Street in West Park View known as Tax Parcel 0152-0420, and to do any and all acts <br />necessary to effect said conveyance. Vision Principal: Thriving Neighborhoods and a <br />Sense of Community. <br /> <br />Next Steps following City Council Action: <br />. The City Manager will execute the Deed conveying the property subject to such <br />easements as may be necessary to be reserved for any City infrastructure lying within <br />said parcel, and to do any and all acts necessary to affect said conveyance. <br /> <br />Motion by Ms. Psimas, and seconded by Ms. Randall, to adopt the following <br />resolution, and was adopted by the following vote: <br /> <br />"RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A DEED AND <br />OTHER NECESSARY INSTRUMENTS TO CONVEY TO THE ECONOMIC <br />DEVELOPMENT AUTHORITY OF THE CITY OF PORTSMOUTH, VIRGINIA, A <br />PARCEL OF LAND LOCATED IN WEST PARK VIEW AND DESCRIBED AS A <br />PORTION OF LOT FOUR (4), KNOWN AS 1501 McDANIEL STREET. <br /> <br />BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that the <br />City Manager be, and he hereby is, authorized to execute a deed and other necessary <br />instruments to convey to Economic Development Authority of the City of Portsmouth, <br />Virginia a portion of a parcel of land located at 1501 McDaniel Street, as shown on an <br />exhibit attached hereto, entitled: 'EXHIBIT SHOWING PROPERTY OF THE CITY OF <br />PORTSMOUTH, VIRGINIA TO BE CONVEYED TO BARTLEY F. TUTHILL, IV, BEING <br />A PORTION OF LOT 4, BLOCK 18 WEST PARK VIEW, M.B. 1, PGS. 19 & 20, <br />PORTSMOUTH, VIRGINIA", AND DESIGNATED AS Tax Parcel 0152-0042, and to do <br />any and all acts necessary to effect said conveyance." <br /> <br />Ayes: Psimas, Randall, Smith, Whitehurst, Holley <br />Nays: None <br /> <br />- New Business - <br /> <br />09 - 204 - Boards and Commissions <br /> <br />There were no appointments. <br /> <br />09 - 205 - Items Submitted by Council Members <br /> <br />'" Ms. Psi mas reminded citizens of Garden Week in Virginia at which time Parkview <br />will be showcased Saturday, April 18, 2009 from 10 a.m. - 5 p.m. <br />