Minutes 03/25/1986 - Laserfiche WebLink

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286 March 25~ 1986 therefore, ~t is recommended that those parcels of land indicated on the attached schedu] and map be transferred to the Industrial Development Authority of the City of Portsmouth at this time. The attached resolution has been prepared by the City Attorney, and I recommend its approval." On motion of Mr. Gray and seconded by Mr. Beamer, the following resolution was adopted, and by the following vote: "A RESOLUTION AUTHORIZING THE CITY MANAGER TO THE INDUSTRIAL DEVELOPMENT AUTHORITY FO IV REDEVELOPMENT AREA). TO CONVEY CERTAIN CITY OWNED PROPERTY THE CITY OF PORTSMOUTH (SOUTHSIDE side and WHEREAS, the City owns IV Redevelopment area, certain hereinafter which said property described real property located in the South- has been acquired for redevelopment purposes; WHEREAS, the Council of the City of Portsmouth has adopted a plan for development of said area as the PortCentre Commerce Park; and WHEREAS, the Council of the City of Portsmouth deems it to be in the best interest of the City that the hereinafter described property should be developed in accordance with the plans for the PortCentre Commerce Park; and WHEREAS, the Industrial Development Authority of the C~Sty of Portsmouth has been designate, as the development agency for the PortCentre Commerce Park; and WHEREAS, the appraised value of the hereinafter described property is $174,000.00, whidh_ amount, less disposition expenses, will be paid to the City for conveyance of said property. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that the City Manage~be%'and hereby is, authorized to convey the hereinafter described property the Industrial Development Authority of the City of Portsmouth, to-wit: tO Ail those certain lots, pieces of parcels of land, situate, lying and being in the City of Portsmouth, Virginia, described as £ollows: Beginning on the east side of Fourth Street 51' north from the northeast intersection of Fourth and Harrison Streets; ~hence running east and parallel to Harrison Street 180 feet to a point; thence north 40 feet to a point; thence west and parallel to Harrison Street 180 feet co a point on the east side of Fourth Street; thence south along Fourth Street 40 feet to the point of beginning. Beginning at a point on the north side of Harrison Street 130 feet east of. the northeast intersection of Harrison and Fourt Streets; from said point of be- ginning running thence east along the north side of Harrison Street 50 feet to a point; thence north and parallel with Fourth Street 51 feet to the southern line of Froperty now or formerly owned by Charles L. Reynolds as shown on the Deed recorded in the Clerks Office of the Circuit Court of the City of Portsmouth, Virginia, in Deed Book 350, page 471; thence west along the line of the property of Reynolds 50 feet to a point; thence south 51 feet to the north side o~ Harrison Street, the point of beginning. Beginning on the west side of Fourth Street 61 feet north of the northwest intersection of Fourth Street and Harrison Street; thence north along Fourth Street 30 feet; thence west and parallel with Harrison Street 113 feet; thence south and parallel with Fourth Street 30 feet; thence east 113 Feet to the point of beginning. Beginning at the northeast intersection of Fourth Street and Randolph Street; ~hence running north along the east side of Fourth Street to the line of the property of E. Robie Sturtevant; thence east along the line of said E. Robie Sturtevant's property 90 feet; thence south and parallel with Fourth Street 24 Eeet to Randolph Street; thence westerly along Randolph Street 90 feet to the point of beginning. Beginning at a point on the east side of Fourth Street 91 feet north from the intersection of Fourth Street and Harrison Street; thence running north along Fourth Street 28 feet; thence east 180 feet; thence south and parallel with Fourth Street 28 feet; thence west 180 feet to the point of beginning. Beginning at a point 38 1/2 feet south of the southeast intersection of Fourth Street and Wythe Street; thence continuing south along the east side of Fourth Street 40.5 feet, more or less, to the property now or formerly owned by R. E. Glover, thence east along the line of said Glover property 95 feet, more or less to the pro- perty now or formerly owned by S. P. Oast; thence north along said Oast property 40.5 feet, more or less, to the proper~y now or formerly owned by S. T. Montague; thence west along the said Montague proper~y 95 feet, more or less, to ~he east side of Fourth Street, the point of beginning. Beginning a~ the southeast corner of Wythe and Fourth Streets; thence south along Fourth Street 38 feet to a point; thence east and perpendicular ~o Fourth Street 95 feet to a pomnt; thence north and parallel with Fourth Street 38 feet to a point on the southern boundary of Wythe Street; thence along Wythe Street 95 feet to the point of beginning.