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May 14, 1985
<br />
<br /> 85-134 - Letter frcra the City Manager reco~muending adoption of a resolution to appoint viewers for the
<br />closing of a portion of Green Street. (Roll Call).
<br />
<br /> "Portsmouth Redevelopment and Housing Authority has made application to close a portion of Green Street.
<br /> The attached resolution appoints viewers in accordance with lapplicable State law to review the portion of
<br />such street and to report to the Planning Cc~mnission if any inconVenience would result in closing that portion
<br />of Green Street.
<br />
<br /> I, therefore, concur and recc~mend the adoption of the attached resolution."
<br /> "A RESOLUTION APPOINTING VIEWERS FOR CLOSING OF A PORTION OF GREEN STREET.
<br /> WHERKAS, Portsmouth Redevelopment and Housing A3athority has made application to vacate, close and
<br />discontinue the hereinafter described portion of Green Street, and it appearing that notice of application and
<br />request for the appointment of viewers has been duly advertised ds required by law.
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the
<br />Kendrick, Albert J. Carr, Howard L. Davis, George No Powers, Sr.,
<br />that H. G. Harirston and Janes H. Griffin be appointed alternate
<br />viewers fails to participate, said viewers to view the hereinaftE
<br />report to this Council in writing whether in their opinion any,
<br />vacating and closing the following:
<br />
<br />GREEN STREET
<br />All that certain piece or parcel of lan~
<br />Portsmouth, Virginia, being more particularl'
<br />Green Street bounded on the north by a tine
<br />
<br />City of Portsmouth, Virginia, that A.N.
<br />and C.L. Knight be appointed viewers, and
<br />viewers in the event one of the preCeding
<br />r described portion of Green Street and to
<br />nd if any, what inconvenience would result in
<br />
<br />lying and being in the City of
<br />described as that portion of
<br />9.5 feet south and parallel to
<br />
<br />South Street and bounded on the south by the northern side of Baut Street ."
<br /> Ayes:Nays: Be~aer,None Corprew, Gray, Lucas, ~bb, Whitlow, Holley
<br />
<br /> 85-135 - Letter frc~a the City Manager reccmuending adoption
<br />Industrial Revenue Development Bonds, in an smount not to exceed
<br />Virginia General Partnership, for the cost of acquiring, constru~
<br />residential rental apartment projeCt in the City of Portsmouth.
<br />
<br />"The Portsmouth Redevelopment and Housing Authority held a
<br />
<br />of a resolution to authorize the issuance of
<br />i$1,000,000 for Peach Street Partners, a
<br />ting, and equipping of a 24-unit multi-family
<br />Roll Call).
<br />
<br />blic hearing to consider the issuance of
<br />
<br />Industrial Develolmuent Revenue Bonds for Reach Street Partners, . Virginia General Partnership, in an anount
<br />not to exceed $1,000,000 for assistance in financing a portion of the cost of acquiring, constructing and
<br />equipping of a 24-unit multi, family residential rental apartment projeCt in the City of Port~aouth, Virginia.
<br />
<br /> The Portsmouth Redevelopment and Housing Authority adopted ~ ResolUtion of Intent to issue the Bonds, and
<br />in accordance with the applicable state and federal Iaw, has requested City Council's approval of same. The
<br />necessa.r¥ docuuentation, including the Fiscal Impact Statement fdr the projeCt is enclosed for your
<br />infonuatlon. |
<br /> !
<br /> The attached resolution has been prepared by the City Attorney, and I recuL~ttend its approval."
<br />
<br /> On motion of Mr. Gray and seconded by Mr. Beamer, the follo~
<br />following vote: *See vote at bn%tc~aof page 14-b
<br />
<br />"A RESOLUTION APPROVING THE ISSUANCE OF IND[JS
<br />PORTSMOUTH REIEVELOPMENT AND HOUSING AUTHORII
<br />PEACH STREET PARTNERS IN AN AMO[/qT ~ TO EXC
<br />MULTI-FAMILY RESIDENTIAL RENTAL APARTMENT FAC
<br />PORTSMOUTH BOULEVARD AND PEACH STREET IN THE
<br />
<br />lng resolution was adopted, and by the
<br />
<br />IRIALDEVEIOPMENTREVENUE BONDS BY THE
<br />~ OF THE CITY OF PORTSMOUTH, VIRGINIA FOR
<br />EED $1,000,800 FOR A IWENTY-FOUR UNIT
<br />ILITY LOCATED AT '±'ki~ SOU'I~WEST INTERSECTION OF
<br />~ITY OF PORTSMOUTH, VIRGINIA.
<br />
<br /> WHEREAS, the Portsmouth Redevelopment a~ Housing Authority of the City of Portsmouth,
<br />Virginia (PRIiA) has been authorized by the ~ouncil of the City of Portsmouth, Virginia, to
<br />advertise and hold public hearings relative t~ the issuance of Industrial D~elolmuent
<br />
<br />~evenue Bonds; and
<br />
<br /> WHEREAS, the PPJ~A has considered the ap~
<br />General Partnership, (the "Ccmpany"), for the
<br />Revenue Bonds pursuant to Chapter 1 of Title
<br />in a principal amount not to exceed One Milli
<br />the acquisition, construction and equipping c
<br />rental housing projeCt located at the southwe
<br />Peach Street in the City of Portsmouth, Virgi
<br />hearing thereon on April 16, 1985; and
<br />
<br />lication of Peach Street Partners, a Virginia
<br />issuance by PRHAof Industrial Develol]uent
<br />36 of the Code of Virginia, 1950, as smended,
<br />Dn Dollars ($1,000,000) to assist in financing
<br />[a twenty~four unit multi-family residential
<br />t intersectiOn of Portsmouth Boulevard and
<br />~ia (the "Project"), and has held a public
<br />
<br /> WHERF~, the Cc~pany has described to PRPIA the benefits which the project will bring
<br />to the Cc~t,~onwealth of Virginia and to the City of Portsmouth, Virginia, in that the
<br />project will provide housing for persons of 1 pw and moderate income and thereby prc~ote the
<br />public purposes for which the PRHA wes established; and
<br />
<br /> WHEREAS, the PRPIA has requested City Cou ~cil to approve the issuance of the bonds to
<br />ccmply with the applicable federal and state laws; and
<br />
<br />
<br />
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