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April 28, 1987 <br /> <br /> WHEREAS, the Council of the City of Portsmouth is of the <br />opinion that the paying of its pro rata share of the additional <br />costs is in the best interest of the City and will assure the <br />development of the parcel as previously approved by this Council <br /> <br /> NOW, THEREFORE, BE IT RESOLVED that the Council o~ the City <br />of Portsmouth authorizes the City to assume responsiblity for the <br />payment of seventy-five percent (75%) of all garage costs and <br />expenses as defined in the Development Agreement, as amended, up <br />to the sum of six hundred and seventy-five thousand dollars <br />($67S,000)." <br /> <br />Ayes: Barnes, Corprew, Gray, Lucas, Simpson, Webb, Holley <br />Nays: None <br /> <br /> <br />