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HomeMy WebLinkAbout2025-01Ordinance 2025-01 Ordinance Authorizing Sale of Town Property to SHAH Development, LLC WHEREAS, the Town of Pulaski (the "town") owns certain real property identified on Pulaski County's tax map as Parcel ID #63-1-219, Parcel ID #63-1-220 and Parcel ID #63-42-1, together, totaling approximately 176 acres (the "property"); and WHEREAS, the Town has the authority to sell the Property pursuant to § 2.04 of the Town's Charter; and WHEREAS, the Town believes that the best use of this property for the benefit of the Town will be its development into workforce housing, and as needed, commercial use; and WHEREAS, SHAH Development, LLC has proposed to the Town a plan to develop the Property in a manner that fits the Town's goals; and WHEREAS, the Town and Shah Development, LLC have agreed to enter into a Conveyance Agreement to govern the sale, conveyance and development of the Property; and WHEREAS, the Town Council has held a public hearing pursuant to Virginia Code § 15.2-1800 concerning the proposed sale and conveyance of this Property to Shah Development, LLC; and WHEREAS, the Town Council promulgates this Ordinance in accordance with § 3.15(B)(7) of the Town's Charter; and NOW THEREFORE BE IT ORDAINED by the Council of the Town of Pulaski that the sale and conveyance of the Property to and the execution of the attached Conveyance Agreement with Shah Development, LLC is hereby approved. This ordinance shall be effective upon adoption on this 201h day of May 2025 by the duly recorded vote of the Town Council of the Town of Pulaski, Virginia as follows: Jeremy L. Clark- Aye G. Tyler Clontz- Abstained Sunshine N. Cope- Aye Steven W. Erickson- Nay Brooks R. Dawson- Aye Joel B. Burchett- Aye Mayor Collins- Aye TOWN of PULASKI, V IA W. Shannon Collins Mayor