Minutes 03/26/2019 - Laserfiche WebLink

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March 26, 2019 WHEREAS, the City of Portsmouth acknowledges that no land disturbance activities may occur within the limits of the proposed access project prior to appropriate notification from the Department of Transportation as a condition of the use of the Economic Development, Airport and Rail Access Fund; and WHEREAS, the City of Portsmouth hereby acknowledges that the Virginia Department of Transportation’s Economic Development Access (EDA) Program may provide up to a maximum of $650,000 for a project and requires matching funding, up to $150,000, from the City of Portsmouth for estimated eligible project costs over $500,000, up to $800,000; and WHEREAS, the City of Portsmouth hereby guarantees that financing of all ineligible project costs, project costs exceeding the EDA Program project allocation, EDA Program required locality matching funds, if applicable, and all costs not justified by eligible capital outlay will be provided from sources other than those administered by the Virginia Department of Transportation; NOW THEREFORE BE IT RESOLVED by the Council of the City of Portsmouth, Virginia: 1. That the City Council hereby requests that the Commonwealth Transportation Board provide Economic Development Access Program funding to provide adequate road access to the referenced property; 2. That the City Council hereby agrees to provide a surety or bond, acceptable to and payable to the Virginia Department of Transportation, in the full amount of the Commonwealth Transportation Board’s allocation less eligible private capital outlay credit as determined by VDOT; this surety shall be exercised by the Department of Transportation in the event that sufficient qualifying capital investment does not occur on qualifying parcels within five years of the Commonwealth Transportation Board’s allocation of funds pursuant to this request; and 3. That the City Manager and/or her designee(s) are authorized to act on behalf of the City Council to execute any and all documents necessary to secure funding in the maximum amount eligible under the Economic Development Access Program; and 4. That it hereby acknowledges that the new roadway so constructed will be added to and become a part of the road system of the City of Portsmouth pursuant to § 33.2-1509, paragraph C, of the Code of Virginia; and 5. That the City of Portsmouth will request the new roadway\[s\] so constructed to be added to receive maintenance payments in accordance with the provisions of § 33.2-319 of the Code of Virginia, and such request for street additions for assistance payments will be submitted, together with a copy of this Resolution and such maps and other documents as may be necessary in the manner prescribed by the Department.” Ayes: Battle, Clark, Glover, Lucas-Burke, Moody, Psimas, Rowe Nays: None 19 - 122 - Adoption of a resolution declaring a certain City-owned property having a size of approximately five hundredths of an acre and an address of 146 Owens Street (Tax Parcel 0052-0590) to be surplus real property and authorizing the conveyance of same to Brandon Ecijan. Background:  In 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.