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• <br />• <br />• <br />RESOLUTION <br />Appropriation — Payments for Sale of <br />Two John Street Lots by Page Street, LLC <br />$23,000 <br />WHEREAS, in 2002 this Council approved a contract between Piedmont Housing Alliance <br />(PHA) and the City to convey four (4) City owned lots on John Street to PHA for construction of 6 <br />units of affordable housing; and <br />WHEREAS, said contract was amended by resolution approved May 16, 2005, to require <br />PHA to make payment of $11,500.00 to the City upon the sale of each housing unit; and <br />WHEREAS, the housing units designated as 1207 John Street and 1209 John Street were <br />sold by Page Street, LLC, the successor in title to PHA, and two payments of $11,500 each were <br />made to the City immediately after each sale; <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Charlottesville, Virginia that the sum of $23,000.00, received from Page Street, LLC, is hereby <br />appropriated in the following manner: <br />Revenues <br />Fund: 425 <br />Expenditures <br />Fund: 425 <br />Project: P-00439 <br />G/L Account: 451999 <br />Project: P-00439 G/L Account: 599999 <br />Approved by Council <br />February 2, 2009 <br />k of City Council <br />