City of Hampton, Virginia
22 Lincoln Street
Hampton, VA 23669
Enactment Number: -
A Resolution Authorizing the City
Manager to Implement Certain Redevelopment Initiatives of the Buckroe Master
Plan by Acquisition of Certain Strategic Properties, and Appropriating
$1,500,000 from Undesignated Fund Balance for Property Acquisitions.
WHEREAS, Hampton City Council (Council)has approved the Buckroe Master Plan,
as amended, and desires to implement one of the redevelopment initiatives set
forth in that Master Plan;
the redevelopment initiative requires assemblage of certain strategically located
properties necessary to meet the redevelopment goals of the initiative;
Council directed the City Manager to develop a plan and strategy for
implementing this initiative including acquisition of certain properties as necessary;
the City Manager and staff have provided City Council a briefing on the
proposed plan and strategy necessary to implement the redevelopment initiative
in properly called closed session discussions on June 18, 2008 and after.
THEREFORE, BE IT RESOLVED by the Council of the City of Hampton, Virginia
1. That the City Manager is
hereby authorized to implement that component of the redevelopment initiatives
of the Buckroe Master Plan discussed by the Council in closed session on June
18, 2008 and after.
That the City
Manager or his authorized designee is hereby authorized to acquire strategic
properties necessary to implement that component of the redevelopment
initiatives of the Buckroe Master Plan discussed by the Council in closed
session on June 18, 2008.
$1,500,000.00 (ONE MILLION FIVE HUNDRED THOUSAND DOLLARS AND NO CENTS) is
hereby appropriated from the undesignated fund balance of the Citys General
Fund to fund property acquisitions and related demolition in support of the
redevelopment initiative referenced in the preceding recitals.
BE IT FURTHER RESOLVED, by the Council of the City of Hampton that all
proceeds from the sale of City-owned property in the Buckroe area arising from
the implementation of the Buckroe Master Plan redevelopment initiative that is
the subject of this resolution be deposited into the Citys General Fund
revenues account described as Sales of Material and Property.
Adopted at the regular meeting of the City Council of the City
of Hampton, Virginia held on August 20, 2008.
Signed by ____________________________ Date
Molly Joseph Ward, Mayor
Attested by ____________________________ Date _________________
Katherine K. Glass
Clerk of the Council