Legislation # 10-0207 Enactment Number none
Type Resolution Effective Date none
Introduction Date 5/12/2010
Title Resolution (i) authorizing the conveyance of City property in the Buckroe Area to Bruce Smith for $165,242.00, 3 lots (LRSNs 12006776,12006778 and 12006796) totaling approximately 65,438 square feet (1.5022 acres±) bounded on the east by Second Street, on the south by Pembroke Avenue and on the west by North Mallory; (ii) approving the terms of a Development Agreement between the City and the Developer; and (iii) authorizing the execution and delivery thereof for the proposed residential development in the Buckroe area.
 
Legislation History 10-0207
DateNotice Of ActionDescription
5/12/2010 Approved
5/12/2010 Held Public Hearing - there were twelve speakers on this item.
5/12/2010 Presented by Mary Bunting, City Manager. The applicant, Bruce Smith, also made a presentation. Rock Bell, representing Bart Frye of Frye Properties, also provided information.
5/4/2010 Received By Clerk's Office
 
View Attachments 10-0207
FileTypeSizeDescription
BS-Development Agreement.DOC Exhibit 166K Development Agreement
Exhibit A - Buckroe.pdf Exhibit 1668K Exhibit A to Development Agreement
 
Legislation Text 10-0207

 

City of Hampton, Virginia

Resolution

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 10-0207

 

Enactment Number: -

 

Resolution (i) authorizing the conveyance of City property in the Buckroe Area to Bruce Smith for $165,242.00, 3 lots (LRSNs 12006776,12006778 and 12006796) totaling approximately 65,438 square feet (1.5022 acres) bounded on the east by Second Street, on the south by Pembroke Avenue and on the west by North Mallory; (ii) approving the terms of a Development Agreement between the City and the Developer; and (iii) authorizing the execution and delivery thereof for the proposed residential development in the Buckroe area.

 

 

WHEREAS, the Council of the City of Hampton (the Council) has set as a priority the revitalization of the Buckroe Beach area to attract investment, new business and new vitality to Buckroe and has adopted the 2005 Buckroe Master Plan, as amended, and the 2007 Buckroe Bayfront Pattern Book, which inter alia calls for residential development in the Buckroe Beach area;

WHEREAS, Bruce Smith (the Developer) has proposed to construct in conformance with the 2005 Buckroe Master Plan, as amended, the 2007 Buckroe Bayfront Pattern Book, and the SPI-BBD zoning regulations, new residential housing (the Project) on certain parcels of real property located in the Buckroe Area of the City of Hampton, consisting of three (3) lots totaling 65,438 square feet (1.5022 acres) bounded on the east by Second Street, on the south by Pembroke Avenue and on the west by North Mallory (the Property); and

WHEREAS, the Council has determined that the attached Development Agreement sets forth reasonable and acceptable terms under which the Project will be developed and the Project will increase tax revenues, improve the image and economic vitality of the Buckroe Beach area and stimulate its redevelopment, and is therefore in the best interest of the citizens of the City of Hampton.

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

1. That it approves conveyance of the Property to Bruce Smith for $165,242.00 with the final purchase price to be adjusted based on the final acreage of the Property as shown on a survey;

2. That it approves the attached Development Agreement with Bruce Smith; and

3. That the City Manager or his authorized Designee is hereby authorized to execute and deliver the Development Agreement to the appropriate parties.

 

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia held on May 12, 2010.

 

 

 

Signed by ________________________Date _________________

Molly Joseph Ward, Mayor

 

 

 

Attested by _______________________ Date _________________

Katherine K. Glass

Clerk of the Council