Legislation # 06-0563 Enactment Number none
Type Resolution - Budget Item Effective Date none
Introduction Date 10/11/2006
Title Resolution authorizing the appropriation of $75,000 from the Economic Development Fund to the Industrial Development Authority of the City of Hampton, Virginia for professional service contracts.
 
Legislation History 06-0563
DateNotice Of ActionDescription
10/25/2006 Approved - items 1-5, 7-13, and 15 on the consent agenda.
10/11/2006 Deferred (10/25/2006)
9/22/2006 Received By Clerk's Office
 
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Legislation Text 06-0563

 

City of Hampton, Virginia

Resolution - Budget Item

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 06-0563

 

Enactment Number: -

 

Resolution authorizing the appropriation of $75,000 from the Economic Development Fund to the Industrial Development Authority of the City of Hampton, Virginia for professional service contracts.

 

WHEREAS, the Industrial Development Authority of the City of Hampton, Virginia (the Authority) was created by the City Council of Hampton, Virginia on February 27, 1985, for the purpose of promoting industry and developing trade by inducing manufacturing, industrial and commercial enterprises to locate in the City, as well as to promote and encourage the creation and development of new businesses in the City;

 

WHEREAS, in support of its legislative purposes and activities, the Authority currently maintains an inventory of approximately 600 acres in real property which is available for sale;

 

WHEREAS, maintenance of the said inventory for ultimate sale and transfer requires services which the Authoritys staff cannot perform in-house, thus necessitating the use of professional service contractors to aid in furtherance of the sale and transfer of Authority owned property; and

 

WHEREAS, the City Council of the City of Hampton has determined that additional professional services will assist in the sale and enhance the marketability of the Authority-owned property by maintaining an inventory with current appraisals, accurate surveys and environmental and engineering studies.

NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Hampton, Virginia, that the sum of $75,000 be appropriated from the Economic Development Fund to the Industrial Development Authority of the City of Hampton, Virginia to hire professional service contractors to perform certain service in furtherance of the sale or transfer of Authority-owned properties.

 

 

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia held on October 11, 2006.

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council