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36t
<br />
<br />February 26~ 1985
<br />
<br /> This arrangement would make the ~2 portion of Parcel 8 available to Southern Space for
<br />future expansion, thus offering a more effective use of land that is already in use for indus-
<br />trial purposes. Additionally, it adds an excess of a half acre to the tax role and retains a
<br />viable business in the City.
<br />
<br /> The #~ portion of Parcel 8.1 would give the City and ~RHA a contiguous site in e×aess of
<br />one acre, with 125 feet £ronting on Laigh Road and 350 feet fronting on Ballard Avenue. The
<br />assembly of this site with its Two street £rontage greatly enhances th market~valne:r6f the
<br />site. The site to be in ultimate public control contains 43,750 sq. ft. The City's owner-
<br />ship share is 26,250 sq. ft., or 60%, and ?RHA's ownership shar~ is 17,500 sq. ft., or 40%.
<br />
<br /> It would be a condition of this transaction between the City and PRHA that in any sale
<br />of this resulting s~te, the City would receive its percentage of ownership proceeds from the
<br />sale, less its percentage share of expenses.
<br />
<br /> Due to the benefits gouthern Space will derive £rom this land sale/exchange and the
<br />sulting marketabie site left for public use, it is recommended that the City convey this
<br />property to PRHA for disposition to SouthernSpace.
<br />
<br /> The attached resolution has been prepared by the City Attorney, and I recommend its
<br />approval."
<br />
<br /> On motfon of, Mr. Whitlow ~nd seaonded by Mr. Gray, the following resolutio~ was adopted,
<br />and by the following vote:
<br />
<br />"A RESOLUTION AUTHORIZING THE CITY MANAGER TO CONVEY CITY OWNED PROPERTY TO
<br />PORTSMOUTH REDEVELOPMENT AND HOUSING AUTHORITY (SOUTHSIDE BALLARD AVENUE).
<br />
<br /> WHEREAS, the City of Portsmouth owns certain hereinafter-described real property on the
<br />south side of Ballard Avenue in the Hattonsville Redevelopment Project, which property is no
<br />longer required [or public purposes and is, hereby, declared to be excess property; and
<br />
<br /> WHEREAS, Portsmouth Redevelopment & Housing Authority has arranged for the exchange of
<br />said property for other privately owned property in the Hattonsville Redevelopment Project in
<br />order that said parcels may be consolidated for development purposes; and
<br />
<br /> WHEREAS, ~2.09 (c) of the Charter of the City of Portsmouth prcuides that real property
<br />may be conveyed to the Commonwealth of Virginia or a political subdivision thereof without
<br />advertisement or receipt of bids; and
<br />
<br /> WHEREAS, Portsmouth Redevelopment and Housing Authority is a political subdivision of the
<br />Cormmonwealth of Virginia;
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED by the Council
<br />the City Manager be, and he hereby is, authorized
<br />to Portsmouth Redevelopment and Housing Authority:
<br />
<br />of the City of Portsmouth, Virginia, that
<br />to convey the hereinafter~described property
<br />
<br /> Ail those certain lots, pieces or parcels of land, with the buildings and im-
<br />provements thereon, situate, lying and being in the City of Portsmouth, State of
<br />Virginia, known, numbered and designated as part of Lots 12, 14, 16, 18, 20, 22
<br />and 24, in Block B; part of Newbie Avenue (now closed) and all of Lots 6, 7, 8,
<br />9, 10, 11 and 12, in Block A, all as shown on the Plat of Washington Heiohts,
<br />which said plat is recorded in the Clerk's-Offiqe of the Circuit Ccurt of the
<br />City of Chesapeake, Virginia, in Map Book 19, p~ge 90, and more particularly
<br />bounded and described as follows, to-wit:
<br />
<br /> BEGINNING at a point in the dividing line between Lots 10 and 12, in Block
<br />B, as shown on said plat, said point of beginnihg being 125 feet south of Ballard
<br />Avenue and 150 feet of Laigh Road~ thence running southeastwardly parallel to
<br />Laigh Road 175 feet to a point in the dividing line between. Lots 24 and 26, in
<br />Block B, as shown on said Flats; thence turning and running northeastwardly along
<br />the dividing line between Lots 24 and 26, mn Block B, as shown on said plat across
<br />Newbie Avenue as shown on said plat and along t~e dividing line between Lots 12
<br />and 15, in Block A, as shown on said plat, a to~al distance of 207 feet to a point
<br />in the rear line of Lot 12, in Block A, as shown on said plat; thence turning and
<br />running northwestwardly along the rear line of Lots 6 through 12, in said Block
<br />A, to a point in the dividing line between Lots 5 and 6, in said Block A; thence
<br />turning and running along the dividing line between Lots 5 and 6 in said Block A,
<br />across Newbie Avenue and along the dividing lin~ between Lots 10 and 12, in said
<br />Block B, a total distance of 196 feet to the point of beginning.
<br />
<br /> BE IT FURTHER RESOLVED that the City Manager be, and he hereby ~s, authorized to sign suc
<br />deed or other documents necessary to complete this transaction."
<br />
<br />Ayes: Beamer, Corprew, 3ray, Lucas, Webb, Whitlow, Holley
<br />Nays: None
<br />
<br /> 85-62 Letter from the City Manager recommending adoption of a resolution to authorize
<br />the issuance of $900,000 in Industrial Development Revenue Bonds for William C. Chick, a
<br />Virginia sole proprietorship, for the acquisition, construction and equippmng of a 31-unit
<br />multi-family residential rental apartment project in the City of Portsmouth.
<br />
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