Title
Resolution Authorizing the Transfer From the City of Hampton to Hampton Redevelopment and Housing Authority of Property Identified as LRSN 1000654 (708 Spruce Avenue) Containing an Approximate Total of 0.11 ± Acres (4,850 Sq. Ft.)
Purpose
PURPOSE/BACKGROUND:
The City owns a certain parcel of land currently consisting of 0.11 ± Acres (4,850 Sq. Ft.), being identified as LRSN 1000654, which is commonly known as 708 Spruce Avenue (the “City Property”). Hampton Redevelopment and Housing Authority (“HRHA”) has received an inquiry regarding interest in developing the property for residential purposes. The City Council has designated HRHA as the agency to implement the City's Community Plan as it relates to residential development and redevelopment with a residential component. Transferring the Property to HRHA is consistent with this policy.
Discussion:
See Purpose/Background above.
Impact:
See Purpose/Background above.
Recommendation:
Rec
Conduct a public hearing and approve the Resolution.
Body
WHEREAS, the City of Hampton (“City”) owns a certain parcel of land currently consisting of 0.11 ± Acres (4,850 Sq. Ft.), being identified as LRSN 1000654, which is commonly known as 708 Spruce Avenue (the "City Property”);
WHEREAS, Hampton Redevelopment and Housing Authority (“HRHA”) has received an inquiry regarding interest in developing the property for residential purposes;
WHEREAS, the City Council has designated HRHA as the agency to implement the City’s Community Plan as it relates to residential development and redevelopment with a residential component;
WHEREAS, the City accordingly desires to transfer title to the City Property to HRHA for redevelopment in accordance with the City’s Community Plan; and
WHEREAS, a public hearing has been conducted in accordance with Section 15.2-1800 et seq. of the Code of Virginia.
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