Item C-35 | First Year - FY2017 | Second Year - FY2018 |
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Acquisition: Exchange Property with the Economic Development Authority of the City of Staunton (18216) | $10,000 | $0 |
Fund Sources: | | |
Special | FY2017 $10,000 | FY2018 $0 |
A.1. The Virginia Department of State Police, with the approval of the Governor pursuant to Code of Virginia §§ 2.2-1149 and 2.2-1150, is hereby authorized to convey a parcel of real property owned by the Department, located at 1303 Richmond Avenue, Staunton, Virginia, further identified as all the real property acquired by the Department by deed dated November 13, 1964, and recorded in Deed Book 497, Page 531 in the land records of the Circuit Court of Augusta County, containing approximately 0.957 acre, more or less, in exchange for approximately 1.0 acre of real property owned by the Economic Development Authority of the City of Staunton (“EDA”) located at the northeasterly corner of the intersection formed by National Avenue and Valley Center Drive, Staunton, Virginia, to be improved by the EDA as determined necessary by the Department to render the property suitable for use and ready for operation as the Department's Area 17 Bureau of Criminal Investigations Office. The approximately 1.0 acre of real property with improvements thereto received by the Department shall, as determined by the Department, be of comparable or greater value to the property conveyed by the Department in the exchange.
2. The exchange and all documentation pursuant thereto shall be in a form approved by the Attorney General. The appropriate officials of the Commonwealth are hereby authorized to prepare, execute, and deliver such deed and other documents pursuant to appropriate law and as may be necessary to accomplish the exchange.
3. Required improvements to the property to be obtained by the Department for a Bureau of Criminal Investigations Area Office shall be completed by the EDA prior to completion of the exchange authorized herein.