Legislation # 06-0141 Enactment Number none
Type Resolution Effective Date none
Introduction Date 3/8/2006
Title Resolution authorizing the appropriation of $427,120.00 from the Economic Development Fund to the Industrial Development Authority for the mitigation of 2.8± acres of wetlands in Langley Research and Development Park.
 
Legislation History 06-0141
DateNotice Of ActionDescription
3/8/2006 Approved - Items 2 through 9 on the Consent Agenda.
2/27/2006 Received By Clerk's Office
 
View Attachments 06-0141
FileTypeSizeDescription
Wetlands Mitigation.doc Other 27K Langley Wetlands Mitigation
ESGWetMap.pdf Map 743K Aerial Map
LangleyRDparcels_DANsm.pdf Photo 7053K Aerial Photo
 
Legislation Text 06-0141

 

City of Hampton, Virginia

Resolution

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 06-0141

 

Enactment Number: -

 

Resolution authorizing the appropriation of $427,120.00 from the Economic Development Fund to the Industrial Development Authority for the mitigation of 2.8 acres of wetlands in Langley Research and Development Park.

 

RESOLUTION

WHEREAS, the Industrial Development Authority of the City of Hampton, Virginia (the Authority) is the owner of real property in Langley Research and Development Park (Langley Park);

 

WHEREAS, pursuant to the wetlands delineation standards of the U.S. Army Corps of Engineers, a portion of the undeveloped lots in Langley Park has been determined to be jurisdictional wetlands, thereby subject to federal wetlands regulations;

 

WHEREAS, under the federal wetlands regulations, all potential purchasers of the affected lots are required to undergo an expensive and time-consuming permitting process as a condition precedent of development;

 

WHEREAS, the Authority was formed, inter alia, to encourage development, and to that end, the Authority is willing to expend the sum of $427,120 to provide comprehensive permitting, including wetlands mitigation, thus eliminating the individual permitting requirements for the affected lots in Langley Park;

 

WHEREAS, the City of Hampton would benefit from the mitigation of 2.8 acres of wetlands in Langley Park by enhancing the marketability of the affected lots and facilitating their development, thereby increasing the tax base and creating the potential for new job opportunities in the City of Hampton;

NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Hampton, Virginia that the sum of $427,120.00 be appropriated from the Economic Development Fund to the Industrial Development Authority of the City of Hampton, Virginia to pay to the for the mitigation of wetlands in Langley Research and Development Park.

 

Adopted at a regular meeting of the City Council of the City of Hampton, Virginia, held March 8, 2006.

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council