Legislation # 07-0036 Enactment Number none
Type Resolution Effective Date none
Introduction Date 1/24/2007
Title Resolution to approve the sale of approximately 18,608.9 sq. ft. and the franchise of approximately 808 sq. ft. of real property at 602 Settlers Landing Road to WSMZ, L.L.C., subject to the formal approval by City Council of a Development Agreement and Franchise Agreement between the City of Hampton and WSMZ, L.L.C., for the Carousel Park Restaurant/Retail Development
 
Legislation History 07-0036
DateNotice Of ActionDescription
1/24/2007 Approved
1/14/2007 Received By Clerk's Office
 
View Attachments 07-0036
FileTypeSizeDescription
Carousel Park Presentation.ppt Power Point Presentation 6655K Presentation
1 12 07 Memo.pdf Other 1003K Memo
 
Legislation Text 07-0036

 

City of Hampton, Virginia

Resolution

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 07-0036

 

Enactment Number: -

 

Resolution to approve the sale of approximately 18,608.9 sq. ft. and the franchise of approximately 808 sq. ft. of real property at 602 Settlers Landing Road to WSMZ, L.L.C., subject to the formal approval by City Council of a Development Agreement and Franchise Agreement between the City of Hampton and WSMZ, L.L.C., for the Carousel Park Restaurant/Retail Development

RESOLUTION

WHEREAS, the Council of the City of Hampton (the Council) has set as a priority the revitalization of downtown to attract investment, new business and new vitality to downtown and has adopted the 2004 Downtown Master Plan, as amended, which inter alia calls for restaurant/retail development in Carousel Park in downtown Hampton;

WHEREAS, after careful analysis of the market for restaurant/retail development in the downtown waterfront area, the Council has determined that restaurant/retail development on a portion of Carousel Park is an important component of the Master Plan because it is one of the new developments at this critical intersection and will play an important role in the economic and physical revitalization of the downtown core;

WHEREAS, WSMZ, L.L.C. (WSMZ), the successful respondent to the Citys request for proposals, has proposed a restaurant/retail project for a portion of Carousel Park comprised of two buildings totaling 9,600 square feet and capable of accommodating (i) a restaurant, (ii) a coffee shop, (iii) an ice cream shop, and (iv) retail shops, with approximately 5,333 square feet of outdoor dining space, which includes approximately 808 square feet of public property to be franchised and also includes additional public access improvements;

WHEREAS, WSMZ shall be the Citys contractor to improve the park area with a new water feature, a grassy area with more shade trees, intimate seating areas, and a configuration that is conducive to everyday enjoyment as well as festival events (the Park Improvements);

 

WHEREAS, the Park Improvements together with the retail/restaurant and public access components are collectively referred to as the Carousel Park Project);

WHEREAS, the Council has determined that the Carousel Park Project will increase tax revenues, improve the image and economic vitality of downtown Hampton 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 the sale of approximately 18,608.9 sq. ft. (the Property) and the franchise of approximately 808 sq. ft. of City-owned property located at 602 Settlers Landing Road to WSMZ and, accordingly, the City Manager or his authorized Designee is hereby authorized to execute and deliver to WSMZ any and all necessary legal documents to effect the transfer of title to the Property; such documents shall include, but not be limited to, contracts, agreements, deeds, easements, and releases for sale and transfer, and conveyance of the Property described above, and shall be in a form that shall substantially comply with the terms of this resolution with such completions, omissions, insertions and changes that may be approved by the Officer executing said documents; that the Officers execution of such documents shall constitute conclusive evidence of the Officers approval of such completion, omission, insertion and change; and

2. That the foregoing approval is subject to the formal approval of Council of the terms of a Development Agreement and a Franchise Agreement to be negotiated by City staff in accordance with the deal points submitted to Council and with such modifications as deemed necessary and approved by the City Manager and the City Attorney.

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia, held on January 24, 2007.

THIS RESOLUTION REQUIRES AN AFFIRMATIVE VOTE OF THREE-FOURTHS OF ALL OF THE MEMBERS ELECTED TO COUNCIL

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council