Laserfiche WebLink
<br />'J · <br />,~J ~ <br /> <br />MONDAY <br /> <br />MAY 21, 1984 <br /> <br />-- <br /> <br />Pursuant to the requirements of Section 2.1-344(a), subsections (1) and (2), of the <br /> <br />CODE OF VIRGINIA (1950, and as amended), and upon motion, duly seconded and unanimously <br /> <br />carried by a recorded vote, Council convened into an Executive Session for the following <br /> <br />purposes: <br /> <br />A. To consider nominees for appointment and/or reappointment to various <br />City boards and commissions; 'and <br /> <br />B. To consider disposing of certain City-owned real property. <br /> <br />Upon reconvening into regular session, Council took no action with regard to appointing <br /> <br />and/or reappointing members to various City boards and commissions; however, upon motion, <br /> <br />duly seconded and unanimously carried, Council authorized the executing (on behalf of the <br /> <br />City) of an option agreement with the Martinsville-Henry County Economic Development <br /> <br />Corporation, by which agreement, when approved by the corporation, the City grants to the <br /> <br />corporation the exclusive right to purchase, either separately or collectively, (during <br /> <br />an initial period of five years, with rights of renewal by the corporation for two suc- <br /> <br />cessive terms of two years each) nine separate tracts of land owned by the City and <br /> <br />situated in the City's Industrial Park (being a total of approximately 148~ acres) at <br /> <br />established prices set forth in said agreement and for the expressed purpose of pro- <br /> <br />moting industrial development in that area. <br /> <br />-- <br /> <br />Mayor Cole then declared this meeting adjourned. <br /> <br />w. <br /> <br /> <br />Clerk of Council <br />