Legislation # 05-0728 Enactment Number none
Type Acquisitions Effective Date none
Introduction Date 12/14/2005
Title A RESOLUTION AUTHORIZING THE EXECUTION OF AN AGREEMENT OF SALE FOR THE PURCHASE OF 2605 E. PEMBROKE AVENUE FROM WILLARD JONES INGRAM, JR. AND MERIWETHER D. INGRAM
 
Legislation History 05-0728
DateNotice Of ActionDescription
12/14/2005 Adopted items 1 through 24 on consent agenda.
12/3/2005 Received By Clerk's Office
 
View Attachments 05-0728
FileTypeSizeDescription
Ingram.agr.doc Contract 60K Contract
2605 PEMBROKE E_Aerial.jpg Photo 3633K Aerial Photo
2605 PEMBROKE E.jpg Map 669K Map
 
Legislation Text 05-0728

 

City of Hampton, Virginia

Acquisitions

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 05-0728

 

Enactment Number: -

 

A RESOLUTION AUTHORIZING THE EXECUTION OF AN AGREEMENT OF SALE FOR THE PURCHASE OF 2605 E. PEMBROKE AVENUE FROM WILLARD JONES INGRAM, JR. AND MERIWETHER D. INGRAM

 

WHEREAS, the Council of the City of Hampton has set as a priority the revitalization of Buckroe to attract investment, new business and new vitality to the Buckroe area through the adoption of the Buckroe Master Plan ; and

WHEREAS, staff has obtained a contract for the City to purchase a 13,500 square foot vacant parcel of real property located at 2605 Pembroke Avenue East in the Buckroe area (the Property) from Willard J. Ingram, Jr. and Meriwether D. Ingram, for a total sales price of $100,000;

WHEREAS, the purchase price of $100,000 is deemed fair and reasonable, the Agreement of Sale that is attached to this Resolution sets forth reasonable and acceptable terms; and

WHEREAS, the majority purchase price funding to acquire the property or $86,827.00, inclusive of $3,500 estimated closing costs, will come from the CIP Fund Buckroe Acquisitions; and

WHEREAS, the remainder of the purchase price funding in the amount of $16,673.00 will come from the East Pembroke Avenue Road Improvements Fund to cover 2,250 +/- square feet of right-of-way being absorbed by the road widening project; and

WHEREAS, acquisition of this property is strategic in part for the widening of East Pembroke Avenue with the remainder being used for assemblage and re-development of Buckroe in accordance with the Buckroe Master Plan both being manifestly in the public interest; and

NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of Hampton, Virginia, as follows:

1. That the City Manager or his designee is hereby authorized and directed to (i) execute the Agreement of Sale with Willard J. Ingram, Jr. and Meriwether D. Ingram, in substantially the form attached to this Resolution, with such modifications as the City Manager or his designee, on the advice of counsel, believes to be in the interest of the City, and (ii) any and all necessary legal documents to effectuate the transfer of title; such documents shall include, but not be limited to, contracts, deeds, easements, releases for sale and transfer, and conveyance of the Property; and

2. That this Resolution shall be effective upon adoption.

 

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia, held on December 14, 2005.

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council