Legislation # 07-0544 Enactment Number none
Type Miscellaneous Consent Item Effective Date none
Introduction Date 10/10/2007
Title Resolution authorizing the appropriation of $1,900,000 from the Economic Development Fund to the Industrial Development Authority of the City of Hampton, Virginia for public infrastructure improvements to Hampton Roads Center North Campus.
 
Legislation History 07-0544
DateNotice Of ActionDescription
10/10/2007 Approved
9/28/2007 Received By Clerk's Office
 
View Attachments 07-0544
FileTypeSizeDescription
HRCN Funding.doc Exhibit 40K Draft Budget
IDA Res.pdf Exhibit 69K Resolution- Hampton IDA
Master Plan 2.pdf Exhibit 988K Master Infrastructure Plan
 
Legislation Text 07-0544

 

City of Hampton, Virginia

Miscellaneous Consent Item

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 07-0544

 

Enactment Number: -

 

Resolution authorizing the appropriation of $1,900,000 from the Economic Development Fund to the Industrial Development Authority of the City of Hampton, Virginia for public infrastructure improvements to Hampton Roads Center North Campus.

 

WHEREAS, the Industrial Development Authority of the City of Hampton, Virginia (the Authority) was created by the City Council of Hampton, Virginia (City Council) on February 27, 1985, for the purpose of promoting industry and developing trade by inducing manufacturing, industrial and commercial enterprises to locate in the City, as well as to promote and encourage the creation and development of new businesses in the City;

  WHEREAS, in support of its legislative purposes and activities, the Authority currently maintains an inventory of approximately 250 developable acres in Hampton Roads Center North Campus (HRCN);

WHEREAS, the Authority requires $1,900,000.00 in funding for HRCN to effect the construction or installation of various public improvements such as the completion of North Campus Parkway, the extension of Exploration Way, the construction of a stormwater retention pond, aeration for stormwater retention ponds, signage, irrigation, dirt removal, landscaping and other infrastructure improvements; and

 

WHEREAS, the City Council has determined that the City of Hampton and its citizens would benefit from the enhancement of the property in the HRCN Campus and its continuation as a competitive choice for expanding and new companies, and thus is in the public interest to fund the necessary public improvements.

 

NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Hampton, Virginia that the sum of $1,900,000.00 be appropriated from the Economic Development Fund to the Industrial Development Authority of the City of Hampton, Virginia for improvements in Hampton Roads Center North Campus.

 

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia held on October 10, 2007.

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council