Legislation # 14-0040 Enactment Number none
Type Resolution Effective Date none
Introduction Date 1/8/2014
Title Resolution Authorizing the Hampton Economic Development Authority to Enter into a Shell Building Agreement with Craig Davis Properties, Inc. in Hampton Roads Center North Campus
 
Legislation History 14-0040
DateNotice Of ActionDescription
1/8/2014 Approved
12/27/2013 Received By Clerk's Office
 
View Attachments 14-0040
FileTypeSizeDescription
HRC North Exhibit A 3 8 13.jpg Exhibit 1675K Exhibit A
 
Legislation Text 14-0040

 

City of Hampton, Virginia

Resolution

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 14-0040

 

Enactment Number: -

 

Resolution Authorizing the Hampton Economic Development Authority to Enter into a Shell Building Agreement with Craig Davis Properties, Inc. in Hampton Roads Center North Campus

 

RESOLUTION

WHEREAS, the Economic Development Authority of the City of Hampton, Virginia (the EDA) was created 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, Craig Davis Properties, Inc., (CDP) has requested that the Authority enter into an a shell building agreement with CDP for the purpose of assisting in the development of up to five shell buildings in Hampton Roads Center North Campus on property owned by CDP to enhance the future development opportunities for the EDA property located in Hampton Roads Center North Campus; and

 

WHEREAS, the EDA Transaction Committee has considered CDPs request and staff has met with representatives of CDP regarding its request; and

 

WHEREAS, the EDA is of the opinion that the execution of the proposed shell building agreement with CDP serves the best interests of the citizens of the City of Hampton by furthering the economic development goals of the EDA and the City; and

 

WHEREAS, the EDA on December 17, 2013 approved a resolution authorizing the execution of a shell building agreement with CDP subject to the prior consent of the Hampton City Council as required by Hampton City Code Section 2-281; and

 

WHEREAS, the City Manager concurs in the EDAs finding that execution of the shell building agreement is in the best interest of the citizens of Hampton and the Hampton City Council agrees.

 

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

 

1.                  That it approves the EDAs entry into a shell building agreement with CDP on terms to be determined by the EDA.

 

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia, held on January 8, 2014.

 

 

 

 

Signed by ____________________________ Date _________________

George E. Wallace, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass, CMC

Clerk of the Council