Legislation # 05-0690 Enactment Number none
Type Acquisitions Effective Date none
Introduction Date 11/9/2005
Title Proposed acquisition of property, known as 223 and 227 Seaboard Avenue, also known as Luke’s Cottages, from Leslie W. Saylor.
 
Legislation History 05-0690
DateNotice Of ActionDescription
11/9/2005 Approved Items 3 through 10 on the Consent Agenda.
10/30/2005 Received By Clerk's Office
 
View Attachments 05-0690
FileTypeSizeDescription
SaylorLuke Agreement.doc Contract 59K Agreement of Sale
SaylorLuke 227 Map Map 767K Map 227
SaylorLuke 227 Aerial Photo 3122K Aerial Photograph 227
SaylorLuke 231 Map Map 766K Map 231
SaylorLuke 231 Aerial Photo 3134K Aerial Photograph 231
 
Legislation Text 05-0690

 

City of Hampton, Virginia

Acquisitions

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 05-0690

 

Enactment Number: -

 

Proposed acquisition of property, known as 223 and 227 Seaboard Avenue, also known as Lukes Cottages, from Leslie W. Saylor.

 

A RESOLUTION AUTHORIZING THE EXECUTION

OF AN AGREEMENT OF SALE FOR THE PURCHASE OF 227 AND 231 SEABOARD AVENUE ALSO KNOWN AS LUKES COTTAGES FROM LESLIE W. SAYLOR.

 

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, staff has obtained a contract for the City to purchase two 12,196 square foot parcels of real property located at 227 and 231 Seaboard Avenue in the Buckroe area (the Property) from Leslie W. Saylor, for $500,000.00, which property consists of two 1335 square foot 16 unit dwellings;

WHEREAS, the purchase price of $500,000.00 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 CIP Fund-Buckroe Acquisition/Demolish; and

WHEREAS, the purchase of this Property is strategic for assemblage and development 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 Agreement of Sale with Leslie W. Saylor, 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