Legislation # 07-0650 Enactment Number none
Type Resolution Effective Date 12/19/2007
Introduction Date 12/19/2007
Title Resolution of the City Council of the City of Hampton, Virginia Authorizing the Appropriation of $1,150,000 from the Economic Development Fund to the Industrial Development Authority of the City of Hampton, Virginia for the Purchase of 18.69± Acres of Land in Hampton Roads Center North Campus from Hampton University
 
Legislation History 07-0650
DateNotice Of ActionDescription
12/19/2007 Approved
12/19/2007 Presented by James A. "Pete" Peterson, Assistant City Manager.
12/6/2007 Received By Clerk's Office
 
View Attachments 07-0650
FileTypeSizeDescription
HRCN.HU.Map.PNG Photo 1737K Vacinity Map HRC North Campus
HRCS.HU.Map.PNG Photo 3846K Vacinity Map HRC South Campus
 
Legislation Text 07-0650

 

City of Hampton, Virginia

Resolution

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 07-0650

 

Enactment Number: -

 

Resolution of the City Council of the City of Hampton, Virginia Authorizing the Appropriation of $1,150,000 from the Economic Development Fund to the Industrial Development Authority of the City of Hampton, Virginia for the Purchase of 18.69 Acres of Land in Hampton Roads Center North Campus from Hampton University

 

RESOLUTION

WHEREAS, Hampton University (HU) has expressed an interest in purchasing 5.317 acres of land (RPC#13000908) located in Hampton Roads Center South Campus (the Authority Property) from the Authority for $943,280.00 for the purpose of expanding its Proton Beam Cancer Center; and

 

WHEREAS, the Authority is willing to sell the Authority Property to HU conditioned upon (a) the conveyance by HU of 18.69 acres of land (RPC#6000845) abutting Hampton Roads Center North Campus (the HU Property) to the Authority for $112,000.00 an acre, and (b) the City Council of the City of Hampton, Virginia, appropriating $1,150,000.00 in additional funds necessary to purchase the HU Property; and

 

WHEREAS, on November 20, 2007, the Authority approved a resolution to sell the Authority Property and to purchase the HU Property because of its strategic location in the Hampton Roads Center North Campus subject to the foregoing contingencies; and

 

WHEREAS, the City Council finds that it is in the best interest of the City and its citizens to appropriate the funds to the Authority to acquire a strategic piece of property which will facilitate a cohesive development of the Hampton Roads Center North Campus.

 

NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Hampton, Virginia, that the sum of $1,150,000.00 be appropriated from the Economic Development Fund to the Industrial Development Authority of the City of Hampton, Virginia for the acquisition of 18.69 acres of land in the Hampton Roads Center North Campus from Hampton University.

 

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia, held December 19, 2007.

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council