Minutes 06/12/2018 - Laserfiche WebLink

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June 12, 2018 “ORDINANCE ACCEPTING $157,971 OF COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM FUNDS AND $112,199 OF HOME INVESTMENT PARTNERSHIPS PROGRAM FUNDS AND APROPRIATING SAID AMOUNTS IN THE FY 2019 COMMUNITY PLANNING AND DEVELOPMENT FUND FOR USE IN IMPLEMENTING THE ANNUAL ACTION PLAN.” Ayes: Clark, Lucas-Burke, Moody, Psimas, Smith, Whitaker, Rowe Nays: None 18 - 220 - Adoption of a resolution declaring a certain City-owned property having a size of four hundredths of an acre and an address of 15 Mimosa Road (Tax Parcel 0641-0140) to be surplus real property and authorizing the conveyance of same to Willard J. Smith. Background:  In recent discussions with the Boards of Commissioners of the Portsmouth Redevelopment and Housing Authority and the Economic Development Authority, City Council has emphasized the importance of returning publicly owned property to the tax rolls.  By returning publicly owned property to the tax rolls, the City (1) reduces expenditures for maintenance and (2) increases tax revenues.  15 Mimosa Road (the “Property”) is a small .04 acre parcel located at the southeast intersection of Mimosa Road and Patnor Drive.  The City acquired the Property in 1986, possibly in connection with right of way improvements on Mimosa Road.  The only parcel adjacent to the Property (other than right of way) is 301 Mimosa Road, which is owned by Willard J. Smith.  Mr. Smith has offered to acquire the Property from the City and Mr. Smith and City staff have negotiated terms and conditions of a proposed conveyance for Council’s consideration. Discussion:  The Property is small and oddly shaped, is undevelopable as a standalone parcel, and is of no practical use to the City.  The City Assessor has analyzed the Property and determined that it is of no market value unless it is used in conjunction with the adjacent parcel owned by Mr. Smith.  The City Assessor has determined that the value of the Property if used in conjunction with Mr. Smith’s parcel is approximately $1,500.  Mr. Smith has agreed to pay a purchase price of $1,500 for the Property.  The Property will be conveyed to Mr. Smith less, save and except an area which is physically part of the Mimosa Street right of way. Prior to closing, Mr. Smith will be required to provide a survey at his cost showing the area used as right of way. A Deed of Dedication formally dedicating this area for public use will be placed of record.  Mr. Smith will not receive a purchase price reduction as a result of the dedication, but will be entitled to have the actual cost of obtaining the survey reimbursed from sale proceeds at closing.  Virginia Code § 15.2-1800 authorizes localities to convey real property after holding a public hearing on the proposed conveyance. Financial Impact:  The City will receive $1,500 less the cost of the dedication survey, plus additional tax revenues in future years as a result of returning the Property to the tax rolls. Staff Recommends:  Adoption of the resolution. Next Steps Following Council Action:  The Office of the City Attorney will prepare deeds of dedication and conveyance and the transaction will be completed.