Minutes 02/28/2012 - Laserfiche WebLink

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February 28, 2012 WHEREAS, the Portsmouth Redevelopment and Housing Authority (the "Housing Authority"), acting at the City's request and with cooperation and support from the City's Management Team, and as legally authorized by Section 36-19 of the Code of Virginia and other applicable laws, has negotiated a Development Agreement with the Developer to bring about said redevelopment (the "Development Agreement"), and WHEREAS, the residences will all be single-family homes of a size and quality to be beneficial to all nearby neighborhoods, and WHEREAS, the new residents who will ultimately occupy this development will provide a demographic base to help increase the amount, diversity, and quality of retail shopping for all residents in the area, and WHEREAS, this development is anticipated to be an "anchor" community that will stabilize and upgrade the quality of life in this entire region of the City, and WHEREAS, the Developer proposes to construct, with City financial support, a replacement recreation and community center located at the present Cradock Middle School (the "New Recreation Center"), to replace the present recreation and community center and thereby meet the community's needs, and WHEREAS, the Portsmouth School Board has approved the conceptual design and location for the New Recreation Center, and WHEREAS, in order for the Development Agreement to be implemented, it will necessary for the City to enter into a Cooperation Agreement with the Housing Authority (the "Cooperation Agreement"), NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia that: 1. The City Council, acting for and on behalf of the City of Portsmouth, hereby finds and determines that the redevelopment of Cradock High School as contemplated by the Development Agreement is in the public interest, and the Housing Authority is hereby authorized and requested to execute and implement the Development Agreement and to proceed with redevelopment thereunder. 2. The City Manager, acting for and on behalf of the City, is hereby authorized and directed to execute and deliver a Cooperation Agreement substantially the same as that which is attached to this resolution, which shall be approved as to form and legality by the City Attorney. 3. The City Manager and City Attorney are further authorized and directed to give such other assurances, to execute such other instruments, including without limitation a deed or deeds conveying the Property and/or any other needed easements or interests to the Housing Authority, and to provide additional cooperation and assistance, all as may be reasonably necessary to implement the intent of this resolution and the Development Agreement, in order to bring about the proper development of the Property by the Developer. 4. The City Manager shall from time to time provide status reports to City Council on the progress of this project." Ayes: Cherry, Edmonds, Heretick, Moody, Whitehurst, Wright Nays: None - New Business - 12 - 85 -Boards and Commissions Mr. Moody offered the following nominations: