Minutes 05/11/1988 - Laserfiche WebLink

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May 11, 1988 At the regular meeting of the city Council held on Wednesday, May 11, 1988, there were~present: Mayor Gloria O~ W~bb, Jack P. BaDnes~E. G. Corprew, Jr., J. Robert Gray, L. Louise Lucas, J. Herbert~Simpson, LaMar Williams, George L. Hanbury, City Manager, Steven 5ieberman;. C~ty Attorney. Rev;'Devtaming Ao Peace, Pastor, United Church of Christ opened the m~ttng with prayer, followed by'the Pledge of Allegiance to the Flag. Mayor Webb welcomed all visitors in attendance. Motion of Mr. Gray and seconded by Mrs. Lucas, minutes of a special meeting of April 19, 1988; minutes of a called meeting of Aprit. 26, 1988; minutes of a Regular Meeting of April 26,'1988, to be approved as received, and was adopted by unanimous vote. 88,190 - Presentation of Proclamations to the following persons: "Municipal Clerk's Week" received by Patri~ia F. Copeland, CMC/AAE, President of the Virginia Municipal Clerks Association. "Salvation. Army Week" received by Lt, Dean Hinson, Commanding Office of the Portsmouth SalvatiOn Army. ~ ~ "National Transportation Week" NTWC Committee Chairman.~ received by Dawn C. Todorov, ' ~ - REPORTS FROM THE CITY MANAGER - 88-191 - Letter from the City Manager recommending adoption of an ordinance to appropriate $400,000 from the Capital Improvement Program for the purchase of the TRT Compound located off of Victory Boulevard. "Over the last several years, the City has leased the Victory Boulevard facility from Tidewater Regional Transit as the Maintenance Headquarters for the Parks and Recreation Department. Mr. James C. Echols, Executive Director of TRT, indicated to us last year that because they had no further need for the property, UMTA regulations required that it be declared surplus. As a result of this determination, $335,000 was included in the 1987-88 CIP Budget for the purchase of the TRT Compound. Over the past several months, each agency has commissioned dependent appraisals and from a review of the two appraisals the fair market value has been established at $400.00. The Tidewater Transportation District Commission at its Wednesday, April 13, 1988 meeting approved the sale of the Compound to the City of Portsmouth. I, therefore, recommend that Council appropriate $400,000 from the Capital Improvement Fund ($335,000 from funds designated for this purchase and the remaining $65,000 from the CIP contingency) for the purchase of the TRT Compound located off of Victory Boulevard."