Minutes 02/14/1989 - Laserfiche WebLink

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February 14, 198.9. WHEREAS, the City of Portsmouth is el.igible to submit grant applications for funding pursuant to regulations governing the administration and use of such funds; NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that th~ Cit~ M~nag~r 'b~ and he hereby is, authorized to submit an application for funding to The Busine'ss Consor%ium for Arts Supp~ort ~to support proUr~mming and e×hibiti~n's~'scheduled for FY-1989-90." Ayes: Barnes, Corprew, 'Gray, Hawks, Lucas, Sim~soh~'Webb Nays: None 89-59 Letter from the City Manag.er recommending adoption of a resolution authorizing the City Manager to sign a deed of release for development 'restrictions b'n property con~eye'd to the Industrial Development' Authority' of t~e 'Cit~' of Portsmoulth located on Lee ~venue and Detroit Street. "As pr~giously discussed wi%h City Council, the Virginia Port Authority (VPA) is acquiring property within the area designated for their use by the City-VPA Memorandum of Intent. The property being acquired is to be utilized in the design of a new entryway to Portsmouth Marine Terminal in conjunction' with the anticipated construction of a connector between the Martin Luther King Freeway and the West Norfelk Bridge. One of the parcels of land (see enclosed) being acquired was previously conveyed by the City of Portsmouth to the Industrial Development Authority for sale and private use by Robert W. Foley. Deed restrictions governing the private use of the property by Mr. Foley were included in the Deed from t~e City to the Industrial Development'Authority. Since the property is now to be utilized by the VPA as described above, the restrictions which were intended to govern private use and development of the property are no longer pertinent nor required. The ~City Attorney has prepared the attached Resolution authorizing release of the restrictions, and I recommend-City Council's approval." Motion of Mr. Gray following resolution was by the following vote: and seconded by Mr. Hawks, 'the adopted on first and final reading and "A RESOLUTION AUTHORIZING THE CITY MANAGER TO SIGN A DEED OF RELEASE FOR DEVELOPMENT RESTRICTIONS ON PROPERTY CONVEYED TO THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PORTSMOUTH LOCATED ON LEE AVENUE AND DETROIT STREETS; WHEREAS, pursuant to resolution adopted by the Council of the City of Portsmouth on April 10, 1984, certain property described as lots 56, 57, 58, 96, 97, and 98 on the plat of Pinners Point Land Company was conveyed to the Industrial Development Authority"bf the C'ity ~ Portsmouth for the purpose of marketing to a private developer; and ]~HEREAS, said deed contained certain restrictions pertaining to the use and improvement of the subject property; and WHEREAS, said property has now been conveyed to the Virginia Port Authority for development of the Portsmouth Marine Terminal within the area designated for Virginia Port Authority use pursuant to the Port Unification Agreement; and