Minutes 03/14/2000 - Laserfiche WebLink

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March 14, 2000 13. Steve Hughes, 3510 Portsmouth Boulevard, spoke in support of redevelopment for Tower area, but confused about projects and extent of private investment. 00 - 52 - Public hearing on a proposed resolution approving a plan for financing the construction of an outdoor performing arts center and related facilities on the downtown Portsmouth waterfront and authorizing the City to issue a general obligation guarantee by the City to secure indebtedness of the Industrial Development Authority in an aggregate principal amount not to exceed ten million dollars. There were no speakers. 00 -53 - Public hearing on use permit and street closure applications: (a) UP-00-05 DOWNTOWN NEIGHBORHOOD - James Jolly on behalf of Portsmouth Redevelopment and Housing Authority requests a use permit to operate an entertainment establishment at 3 Harbor Court. Motion by Mr. Pitts, and seconded by Mr. Griffin, to defer consideration of UP-00-05 to the public hearing meeting of March 28, 2000, and was adopted by unanimous vote. (b) S-00-01 SOUTHSIDE NEIGHBORHOOD - Ordinance granting the request of the City of Portsmouth for the closure of all of that portion of Wythe Street located in the City of Portsmouth, being and lying east of the east right line of Ruth Brown Avenue (formerly Second Street), and the west right right-of-way of First Street (now Closed). Drew S. Terry, 536 South Street, International Federation of Professional and Technical Engineers, spoke on closing of Wythe Street and asked for discussion of alternatives for Norfolk Naval Shipyard traffic. Motion by Mr. Griffin, and seconded by Mr. Whitehurst, to adopt the following ordinance, and was adopted by the following vote: "AN ORDINANCE CLOSING AND VACATING A PORTION OF WYTHE STREET LYING EAST OF THE EAST RIGHT OF WAY LINE OF RUTH BROWN AVENUE {FORMERLY SECOND STREET), AND WEST OF THE WEST RIGHT OF WAY LINE OF FIRST STREET. (NOW CLOSED)" Ayes: Benn, Griffin, Moody, Robinett, Whitehurst, Holley Nays: None - City Manager's Report - 00 - 54 - Adoption of a resolution approving a plan of finance with the Industrial Development Authority (IDA) for the construction of the outdoor performing arts center. Recommendation: · Adoption of a resolution approving a plan of finance with the Industrial Development Authority (IDA) for the construction of the outdoor performing arts center. Purpose and Need: · The City Council has previously approved a cooperation agreement between the City and IDA for the IDA to own, construct and enter into agreements with Rising Tide Productions to operate the City's waterfront, outdoor performing arts center. · The IDA has authorized the issuance of bonds for this project at its February 15, 2000 meeting. · The anticipated funding source for repayment of bonds is expected to be the lease payments from Rising Tide and the following taxes: admissions, food and beverage.