Legislation # 05-0751 Enactment Number none
Type Resolution Effective Date none
Introduction Date 12/14/2005
Title Resolution authorizing the execution of a Memorandum of Understanding (“MOU”), Development Agreement, and Ground Lease for the land purchase and development of the Buckroe Fishing Pier and Restaurant Project and the extension of Resort Boulevard, and reallocating $2 million originally appropriated for the reconstruction of the fishing pier to the land purchase for the Project and the extension of Resort Boulevard.
 
Legislation History 05-0751
DateNotice Of ActionDescription
12/14/2005 Adopted on First Reading
12/7/2005 Received By Clerk's Office
 
View Attachments 05-0751
FileTypeSizeDescription
Pier GL Exhibit A.JPG Map 207K Exhibit A to Resolution - Portion of Abbott property and pier to be acquired
Pier Exhibit B.JPG Map 168K Exhibit B to Resolution - Ground Lease Property
Pier MOU.doc Memorandum 89K Memorandum of Understanding
Pier MOU Exhibit A.JPG Map 256K Exhibit A to Memorandum of Understanding - Abbott Property
Pier MOU Exhibit B.JPG Map 191K Exhibit B to Memorandum of Understanding - Subdivided Property
Pier MOU Exhibit C.JPG Map 209K Exhibit C to Memorandum of Understanding - Ground Lease Property
Pier DA.DOC Other 157K Development Agreement
Pier DA Exhibit A.JPG Map 191K Exhibit A to Development Agreement - Subdivided Property
Pier DA Exhibit B.JPG Map 209K Exhibit B to Development Agreement - Ground Lease Property
Pier GL.DOC Other 189K Ground Lease Agreement
Pier GL Exhibit A.JPG Map 207K Exhibit A to Ground Lease Agreement - Leased Premises
Pier GL Rest Front.JPG Other 960K Exhibit D to Ground Lease Agreement - Front Elevation
Pier GL Rest Rear.JPG Other 1190K Exhibit D to Ground Lease Agreement - Rear Elevation
Pier GL Rest Side.JPG Other 897K Exhibit D to Ground Lease Agreement - Side Elevation
 
Legislation Text 05-0751

 

City of Hampton, Virginia

Resolution

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 05-0751

 

Enactment Number: -

 

Resolution authorizing the execution of a Memorandum of Understanding (MOU), Development Agreement, and Ground Lease for the land purchase and development of the Buckroe Fishing Pier and Restaurant Project and the extension of Resort Boulevard, and reallocating $2 million originally appropriated for the reconstruction of the fishing pier to the land purchase for the Project and the extension of Resort Boulevard.

 

RESOLUTION

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;

WHEREAS, the Buckroe Master Plan recommends that the fishing pier located on property owned in Buckroe by Abbott Associates, L.L.C (Abbott), and destroyed by hurricane Isabel be reconstructed in the same location;

WHEREAS, Boone Builders, Inc. (Boone), the successful respondent to the Citys request for proposals, has proposed to build, operate and maintain a new fishing pier and family-style restaurant with on-site parking (the Buckroe Fishing Pier Complex) on a portion of the Abbott property;

WHEREAS, staff has negotiated the purchase of a portion of Abbotts property consisting of approximately 65,417 square feet of real property located at the southeast corner of Thimble Shoals Lane and Seaboard Avenue and 8,800 square feet representing the rights to the remains of the fishing pier in the Buckroe area (the Property) for a total of 74,217 square feet on land and improvements, as shown on Exhibit A;

WHEREAS, the acquisition of the Property will facilitate the extension of Resort Boulevard and allow Boone to construct and operate the Buckroe Fishing Pier Complex on a portion of the Property as shown on Exhibit B pursuant to a 40-year ground lease;

WHEREAS, the Memorandum of Understanding, the Development Agreement, and the Ground Lease attached to this Resolution set forth reasonable and acceptable terms;

WHEREAS, funding to acquire the Property and construct the Resort Boulevard extension will come from the $2 million Council originally appropriated for the reconstruction of the fishing pier; and

WHEREAS, the purchase of this Property and the development of the Buckroe Fishing Pier Complex is strategic for the revitalization of Buckroe in accordance with the Buckroe Master Plan and is manifestly in the public interest.

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 Memorandum of Understanding, the Development Agreement and the Ground Lease, in substantially the form attached to this Resolution, with such modifications as the City Manager or his designee, on the advice of the City Attorney, 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;

2. That the $2million originally appropriated for the reconstruction of the fishing pier be reallocated to the purchase of the Property and the extension of Resort Boulevard; and

3. 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, 205.

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council