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To declare that a public necessity exists and to authorize the Chief Administrative Officer or the designee thereof, for and on behalf of the City of Richmond, to acquire, at a tax delinquent judicial sale, the property located at 1316 Nelwood Drive and to authorize the conveyance of such property for $44,550.00 to Tower 3, LLC for the purposes of eliminating blight and making such property available for redevelopment.
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WHEREAS, pursuant to sections 58.1-3965 through 58.1-3975 of the Code of Virginia (1950), as amended, the City of Richmond is authorized to acquire tax delinquent properties sold pursuant to sections 58.1-3965 through 58.1-3975 of the Code of Virginia (1950), as amended, or pursuant to any other provision of law for the enforcement of tax liens; and
WHEREAS, the property located at 1316 Nelwood Drive, with Tax Parcel No. E000-2402/010, has been sold at a judicial sale for delinquent taxes; and
WHEREAS, the City desires to acquire the aforesaid property for the purposes of eliminating blight and making such property available for redevelopment; and
WHEREAS, any such acquisition is subject to the approval of the Circuit Court of the City of Richmond; and
WHEREAS, upon acquisition, the City desires to convey the aforesaid property to Tower 3, LLC by special warranty deed for the purposes of eliminating blight and making such property available for redevelopment; and
WHEREAS, the Chief Administrative Officer's authority to convey the aforesaid property to Tower 3, LLC is contingent upon the City's acquisition of the aforesaid property and is, therefore, null and void if the Circuit Court of the City of Richmond should reject the City's offer to acquire;
NOW, THEREFORE,
THE CITY OF RICHMOND HEREBY ORDAINS:
? 1. That pursuant to sections 58.1-3965 through 58.1-3975 of the Code of Virginia (1950), as amended, the Chief Administrative Officer, or the designee thereof, is hereby authorized to acquire, at a tax delinquent jud...
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