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295
<br />
<br />April 28, 1987
<br />
<br />ltilites, repair and repIace plumbing fixtures and drywall, con-
<br />struct shelving, purcha's'ea storage shed, construct a fence and
<br />acquire tools and equipment for yard maintenance; and
<br />
<br /> WHEREAS, the application requests nineteen thousand thirty
<br />($19,030) dollars in federal funds for repair and maintenance and
<br />a one for one local match will be provided from the HER Shelter
<br />aperating budget.
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of
<br />Portsmouth, Virginia, that the City Manager be, and he hereby is,
<br />~uthorized to submit an application for an Emergency Shelter Care
<br />~rogram Grant on behalf of the HER Shelter and to execute any
<br />tocuments as may be required thereby.
<br />
<br /> BE IT FURTHER RESOLVED that the Council of the City of Por
<br />Tirginia authorizes the awarding of a sub-grant to the HER Shelter
<br />to operate the funded projec~ and agrees to monitor and oversee
<br />their activities as prescribed by the grant."
<br />
<br /> Ayes: Barnes, Corprew, Gray, Lucas, Simpson, Holley
<br /> Nays: None
<br />Abstaining: Webb
<br />
<br /> 87-182 On motion of ~rs. Webb and seconded by ~{r. Gray, the
<br />following resolutaon was adopted, and by the following vote:
<br />
<br />"A RESOLUTION OF THE COUNCIL OF THE CITY OF PORTSMOUTH,
<br />VIRGINIA, AGREEING TO PAY SEVENTY-FIVE PERCENT OF
<br />ADDITIONAL GARAGE COSTS ARISING FROM THE DEVELOPMENT
<br />AGREEMENT ENTERED INTO BY THE CITY OF PORTSMOUTH,
<br />PORTSMOHTK REDEVELOPMENT AND HOUSING AUTHORITY AND
<br />MASTER DEVELOPMENT CORPORATION.
<br />
<br /> WHEREAS, the City of Portsmouth, Virginia, the Portsmouth
<br />~edevelopment and Housing Authority, and Master Development
<br />Corporation entered into a Development Agreement dated August 13,
<br />1985, a First Amendment to Development Agreement dated March 11,
<br />1986, and a Second Amendment to Development Agreement dated July 25
<br />1986, and a Third Amendment to Development Agreement dated SeF
<br />30, 1986 providing for the purchase and development of a certain
<br />parcel of waterfront property lying adjacent to RiverfrontPark for
<br />the development of a high rise condominium apsrBnent and commercial
<br />building and an adjacent parking garage; and
<br />
<br /> WHEREAS, the Development Agreement, as amended, provides that
<br />the City and the Authority, jointly and severally, agree to pay to
<br />the developer seventy-five percent (75%) of all costs and expenses,
<br />ap to the sum of six hundred and thirty-seven thousand, five
<br />hundred dollars ($637,500) actually .incurred by the developer in
<br />:onnection with the construction of the garage; and
<br />
<br /> WH~RF~AS~ the Development Agreement, as amended, further ?
<br />that in the event it shall become apparent that the total garage
<br />cost will exceed the sum of eight hundred fifty thousand dollars
<br />($850,000] the City shall determine by Resolutian of the City
<br />Council whether to pay seventy-five ~ercent (75%) of the additional
<br />garage cost after receiving notice f~om the developer that the total
<br />garage cost will exceed the agreed upon sum; and
<br />
<br /> WHEREAS, the developer has notified the City that the total
<br />[arage cost wilt exceed the sum of eight hundred fifty thousand
<br />dollars ($850,000) by an additional fifty thousand dollars ($50,000)
<br />and has requested that the City assume the obligation for its pro
<br />share of said fifty thousand dollars ($50,000) bring its total cost
<br />and expense of the City up to six hundred seventy-five thousand
<br />~$675,000); and
<br />
<br />** see 2~5A
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