Legislation # 05-0683 Enactment Number none
Type Acquisitions Effective Date none
Introduction Date 11/9/2005
Title Proposed acquisition of property, known as 530 Armistead Avenue N, from Ronald A. Simon and Shirley A. Simon.
 
Legislation History 05-0683
DateNotice Of ActionDescription
11/9/2005 Approved Items 1, 2 and 11 through 16 on the Consent Agenda.
10/30/2005 Received By Clerk's Office
 
View Attachments 05-0683
FileTypeSizeDescription
Simon Map.jpg Map 2443K Map
Simon Aerial.jpg Photo 3520K Aerial Photograph
Simon Agreement REVISED.doc Contract 59K Sales Agreement
 
Legislation Text 05-0683

 

City of Hampton, Virginia

Acquisitions

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 05-0683

 

Enactment Number: -

 

Proposed acquisition of property, known as 530 Armistead Avenue N, from Ronald A. Simon and Shirley A. Simon.

 

A RESOLUTION AUTHORIZING THE EXECUTION

OF AN AGREEMENT OF SALE FOR THE PURCHASE OF 530 ARMISTEAD AVENUE FROM RONALD A. SIMON AND SHIRLEY A. SIMON

 

WHEREAS, the Council of the City of Hampton has set as a priority the revitalization of Downtown to attract investment, new business and new vitality to the Downtown area through the adoption of the Downtown Master Plan;

WHEREAS, staff has obtained a contract for the City to purchase a 30,927 square foot parcel of real property located at 530 Armistead Avenue in the Downtown area (the Property) from Ronald A. Simon and Shirley A. Simon, for $220,000.00, which property consists of a 4,875 square foot dwelling and an outbuilding;

WHEREAS, the purchase price of $220,000.00 is deemed fair and reasonable, the Agreement of Sale that is attached to this Resolution sets forth reasonable and acceptable terms, and funding to acquire the Property, including all acquisition costs as set forth in Exhibit A attached hereto, will come from the Undesignated Economic Development Funds; and

WHEREAS, the purchase of this Property is strategic for assemblage and development of Downtown in accordance with the Downtown 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 Agreement of Sale with Ronald A. Simon and Shirley A. Simon, in substantially the form attached to this Resolution, with such modifications as the City Manager or his designee, on the advice of counsel, 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; and

2. 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 November 9, 2005.

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council