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539 <br /> <br />December 8, 1987 <br /> <br /> , '~'~ the City of <br /> NOW, THEREFORE BE IT RESOLVED by. the Counc% o~~ <br />Portsmou.th,:Virginia~, that the' City-Manager be,~ and he hereby is, <br />authorized to sign an easement agreement with~Virgi~a Power <br />Company for the following described property, to-wit: <br /> <br /> ~klt~ that~ cer.t~in piece or- parcel of-~ land, ~i~uate, <br /> lying and being in the City of Portsmouth, Virginia, shown <br /> oxr t~at~cer~ain plat'entltled ~la*t to'Accompany <br /> :~i~h~of-~ay~ Agreement City of Portsmo'utk~ Plat~No~~ <br /> 24~87~0t20Z attac~ed~hereto and made a Dart-~r~e~f. <br /> <br /> B-E-tT~FURTHER~RESOLVED 'th,at',the City Manager 'be, and he <br />hereby isr~ authorized~to s~ign such- deeds and o.ther, documents as <br />may be neC~e~sary- tO carry. Ou~' the-intent of this"resolution." <br /> <br /> Ayes: Barnes)~ Corp~ew, G~ay, Lu~as, Simpso~ ~ebb, ,Hel_l~y <br /> Nays: None <br /> <br /> 87~-5~31 ~ Lette~f~om the Ci-ty ~a'nag,er recommending adoption <br />of a re%solution au~hoL~izing ~h~:City Manager to conv~y property <br />located ~n th~ nortk~rn ~ide Df~Meander Road to-the Portsmouth <br />Port & Industrial Commission. <br /> <br /> "Th~ ~Economic Development Department~h~s regei~ed several <br />recent i'~quiries regarding small parcel ~f- City--owned land on <br />Meander Road. The 14¥593 square foot parce~l is-,loc~ted adjacent <br />to property ~rewiously owned by the Portsmouth' Ro~t--a~d Industria <br />Commission [PPIC) and sot~ to~,PeKaco Associates for ~heir- office <br />and t~uck terminal headquarters. A map_of the area is attached. <br /> <br /> ks PPIC still own~ ~a 'gre~C ~eal of. p3roperty i~ this area, I <br />believe it is ~ppropri~te to tr-a~sfer this sm~ll parcel~to PPIC <br />which w~l~ ~ccept proposa ~s'an~ sel~ the property for development <br />PPIC ~ou~-d'~e:ll ~h~ properCy for ~air market ~alue, with the net <br />proceeds~,(l~ess~e~lin~exp~nses9 to be returned to-the City. <br /> <br /> The ~City Attorney h~s~ drafted.the attached re~olution to <br />convey the-parcel ~to PPIC and I recommend ~ts approval., <br /> <br /> On mOtion of Mr. Barnes and seconded by,Mrs. ~Webb, the <br /> following 'resolution-W~s adopted, and 'by ~the following vote: <br /> <br /> "A RESOLUTION AUTHORIZING THE CITY MANAGER TO CONVEY <br /> PROPERTY LOCATED ON THE NORTHERN-SIDE OF MEANDER ROAD TO <br /> THE'PORTSMOUTH~PORT.kND INDUSTRIAL~COMMISSION. <br /> <br /> WHEREAS, the City owns certain hereinafter-described real <br />property; which property is no longer required for public purpose: <br />and is, hereby, declared to be excess property; and <br /> <br /> WHEREAS, said property is adjacent to lan~ owned'by the <br />Portsmouth-Port and-Industrial-Commlssion, being~marketed for <br />private deve'topment; and ...... <br /> <br /> WHEREAS, said property may be added to the property owned by <br />Portsmouth Port and Industrial Commission in order to develop a <br />more marketable parcel; and <br /> <br /> <br />