Legislation # 06-0461 Enactment Number none
Type Acquisitions Effective Date none
Introduction Date 8/9/2006
Title Proposed acquisition of property, known as 224 Otley Road, from Timothy and Carolyn Gowins.
 
Legislation History 06-0461
DateNotice Of ActionDescription
8/9/2006 Adopted
7/31/2006 Received By Clerk's Office
 
View Attachments 06-0461
FileTypeSizeDescription
224_Otley.pdf Map 1343K Map
224_Otley_Aerial.pdf Photo 2364K Aerial Photo
Gowins agr.doc Contract 59K Agreement of Sale
 
Legislation Text 06-0461

 

City of Hampton, Virginia

Acquisitions

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 06-0461

 

Enactment Number: -

 

Proposed acquisition of property, known as 224 Otley Road, from Timothy and Carolyn Gowins.

 

A RESOLUTION AUTHORIZING THE EXECUTION

OF AN AGREEMENT OF SALE FOR THE PURCHASE OF PROPERTY KNOWN AS 224 OTLEY ROAD, FROM TIMOTHY AND CAROLYN GOWINS.

WHEREAS, the Council of the City of Hampton has set as a priority the revitalization of the City of Hampton to attract investment, new business and new vitality to the city area through the adoption of the Kecoughtan Corridor Acquisition/Demolition Fund # 20-810-B223-08110;

WHEREAS, staff has obtained a contract for the City to purchase real property known as 224 Otley Road, consisting of a single family home on 9,500 square feet of property zoned rm /residential multifamily, in the City of Hampton (the Property) from Timothy and Carolyn Gowins for $130,000.00;

WHEREAS, the purchase price of $130,000.00 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 Kecoughtan Corridor Acquisition/Demolition Fund, #20-810-B223-08110; and

WHEREAS, the purchase of this Property is strategic for assemblage and development of the City of Hampton in accordance with the Kecoughtan Corridor Acquisition Fund, #20-810-B223-08110 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 Timothy and Carolyn Gowins, 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 August 9, 2006.

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council


 

 

 

 

 

Exhibit A

Acquisition Costs

 

Acquisition Costs

Land & Bldg. $130,000.00

Closing cost est. 600.00

Demo. cost est. 6000.00

Total $136,600.00