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23 <br /> <br />acquire the Thomas Tire Center property and to construct a <br />parking facility thereon; and <br /> <br /> WHEREAS, the Authority believes that the construction <br />of such a parking facility will be instrumental in <br />furthering the redevelopment of the Vinegar Hill Area, <br />thereby clearing the blight and preventing its recurrence <br />in such Redevelopment Area; and <br /> <br /> WHEREAS, City Council believes that such efforts <br />taken by the Authority and by Jefferson to redevelop the <br />Vinegar Hill Area, as outliend in that certain Preliminary <br />Development agreement dated August !, 1986 should be <br />encouraged and Council wishes to lend its support to the <br />redevelopment efforts; and <br /> <br /> WHEREAS, it was determined that the City could <br />facilitate such redevelopment efforts by making a loan of <br />$1,140,000 to Jefferson to be used solely for the <br />acquisition of the Thomas Tire Center property and for the <br />construction thereon of a parking facility; and <br /> <br /> WHEREAS, Do Cole Hendrix, City Manager, has applied, <br />on behalf of the City, for an Urban Redevelopment Action <br />Grant ("UDAG") from the Secretary of Housing and Urban <br />Development of the United States in the amount of <br />$1,140,000. <br /> <br /> NOW~ THEREFORE, be it RESOLVED, that the City Council <br />hereby ratifies, confirms and approves the action of D. <br />Cole Hendrix, City Manager, in making the application for <br />an Urban Development Action Grant in the amount of <br />$1,140,000; and <br /> <br /> RESOLVED, that the City Council hereby ratifies, <br />confirms and approves the action of D. Cole Hendrix, City <br />Manager, in executing and delivering, on behalf of the <br />City, the Preliminary Development Agreement dated August <br />1, 1986 by and among the Authority, the City and <br />Jefferson,a copy of which shall be apepnded to the minutes <br />of this meeting; and <br /> <br /> RESOLVED, that if the UDAG applciation is approved <br />and the City receives the $1,140,000 grant, the City <br />Manager shall be and hereby is authorized to enter into a <br />loan agreement with Jefferson on the terms and conditions <br />set forth in such Preliminary Development Agreement. <br /> <br />RESOLUTION: AUTHORIZING TRANSFER OF TRAILWAYS BUS SITE TO <br />CHARLOTTESVILLE REDEVELOPMENT AND HOUSING AUTHORITY <br /> <br /> Mr. Roger Wiley, City Attorney, requested that <br />Council approve the resolution which would authorize the <br />transfer of the Trailways Bus site to the Housing <br />Authority. <br /> <br /> On motion by Mr. Towe, seconded by Mr. Barnes, the <br />resolutions authorizing the transfer of the Trailways Bus <br />site to the Charlottesville Redevelopment and Housing <br />Authority was unanimously approved by Council. <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville, that the Mayor is hereby authorized to <br />execute on behalf of the City the following document, in <br />form approved by the City Attorney: <br /> <br />Agreement between the City and the Charlottesville <br />Redevelopment and Housing Authority dated August 25, <br />1986 conveying property (TM28-88) on west side of <br />Saxton Street from City to CRHA. <br /> <br /> A copy of such document shall be kept on file with <br />the minutes of the Council meeting at which this <br /> <br /> <br />