Legislation # 06-0050 Enactment Number none
Type Resolution Effective Date none
Introduction Date 1/25/2006
Title Resolution authorizing the appropriation of $27,000.00 from the Economic Development Fund to the Industrial Development Authority for the construction of a sanitary sewer system to service 2025 58th Street.
 
Legislation History 06-0050
DateNotice Of ActionDescription
1/25/2006 Approved items 1, 3 and 4 through 6 of the Consent Agenda.
1/18/2006 Received By Clerk's Office
 
View Attachments 06-0050
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Legislation Text 06-0050

 

City of Hampton, Virginia

Resolution

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 06-0050

 

Enactment Number: -

 

Resolution authorizing the appropriation of $27,000.00 from the Economic Development Fund to the Industrial Development Authority for the construction of a sanitary sewer system to service 2025 58th Street.

 

RESOLUTION

WHEREAS, the Industrial Development Authority of the City of Hampton, Virginia (the Authority) entered into a purchase and sale contract on November 11, 2005 with ACO Development that will cause new capital investment and the development of new jobs within the City;

 

WHEREAS, ACO Development (ACO) has expressed an interest in purchasing approximately 13 acres of land in the Copeland Industrial Park (the Property) for the purpose of constructing a mixed use development of approximately 120,000 square feet of new retail/office/flex space, thereby increasing the tax base and creating the potential for new job opportunities in the City of Hampton;

 

WHEREAS, the Hampton City Council supports the proposed development of the property.

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

 

1. That it approves the allocation of $27,000 from the Economic Development Fund balance for the construction of sanitary sewer on 58th Street.

 

2. This resolution shall take effect immediately.

Adopted at a regular meeting of the City Council of the City of Hampton, Virginia, on January 25, 2006.

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council