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To declare a public necessity for and to authorize the acquisition of 0.088± acres of real property at or in the immediate vicinity of 390 South 11th Street for the public purpose of extending the Canal Walk between South 11th Street and South 10th Street to provide pedestrian access to South 10th Street.
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WHEREAS, in the opinion of the Council of the City of Richmond, a public necessity exists for the acquisition of approximately 0.088 acres of real property at or in the immediate vicinity of 390 South 11th Street, with Tax Parcel No. E000-0038/003 in the 2019 records of the City Assessor, as more particularly shown on Sheet 3 of a drawing entitled “Boundary Line Adjustment between Parcel ID: E0000038002, Parcel ID: E0000038001 & Parcel ID: E0000038003, Known as 321 S. 10th Street, 330 S. 11th Street & 390 S. 11the Street Respectively City of Richmond, Virginia,” prepared by H&B Surveying and Mapping, LLC, and dated October 10, 2018, a copy of which is attached to this ordinance, for the public purpose of extending the Canal Walk between South 11th Street and South 10th Street to provide pedestrian access to South 10th Street;
THE CITY OF RICHMOND HEREBY ORDAINS:
§ 1. That a public necessity exists for the acquisition of approximately 0.088 acres of real property at or in the immediate vicinity of 390 South 11th Street, with Tax Parcel No. E000-0038/003 in the 2019 records of the City Assessor, as more particularly shown on Sheet 3 of a drawing entitled “Boundary Line Adjustment between Parcel ID: E0000038002, Parcel ID: E0000038001 & Parcel ID: E0000038003, Known as 321 S. 10th Street, 330 S. 11th Street & 390 S. 11the Street Respectively City of Richmond, Virginia,” prepared by H&B Surveying and Mapping, LLC, and dated October 10, 2018, a copy of which is attached to and incorporated into this ordinance, for the public purpose of extending the Canal Walk between South 11th Street and South 10th Street to provide pedestrian access to South 10th Street.
§ 2. That the Chief Administrative Officer, for and on behalf of the City of Richmond, be and is hereby authorized to acquire such real property from The Locks Tower I LLC for a purchase price not to exceed $1,800,000.00 and to execute the deed and such other documents as may be necessary to complete the acquisition of such real property, provided that the deed and such other documents must first be approved as to form by the City Attorney or the designee thereof and that the purchase agreement for the purchase of this real property shall be substantially in the form of the document entitled “Real Estate Purchase Agreement” attached to this ordinance.
§ 3. This ordinance shall be in force and effect upon adoption.