Title
Motion to Accept, Pursuant to City Code Section 2-134(a), the Donation of a 38.7 Acre, More or Less, Parcel of Land From O’Rourk Family, LLC, (formerly known as O’Rourk Family, LLLP, formerly known as O’Rourk Family Limited Partnership)
Purpose
Purpose/Background:
The City was approached by a representative of O'Rourk Family LLC, owner of certain real property located in the City of Hampton, identified as LRSN 6000751, adjacent to the Hamptons Golf Course, containing approximately 38.7 +/- acres.
Pursuant to Section 2-134 of the City Code of the City of Hampton, Council approval is a prerequisite to acceptance of certain gifts to the City. Section 2-134(a) specifically states that gifts of real property valued at five thousand dollars ($5,000.00) or more shall be "approved by the council, by appropriate motion duly recorded in the council minutes, before such gifts shall be deemed to have been accepted by the city". The FY 2017 value of this parcel is $492,100.00.
The City wishes to accept this donation of real estate offered by O'Rourk Family LLLC.
Discussion:
The donation of property valued at $492,100.00 requires acceptance by City Council via motion pursuant to City Code Section 2-134(a).
Impact:
The donation of a parcel of land assessed at $492,100.00 will be substantially valuable to the City of Hampton.
Recommendation:
Rec
Approve Motion.