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AN ORDNANCE TO APPROPRIATE $4,000,000 IN THE CAPITAL <br />IMPROVEMENTS FUND TO FUND THE NEW JOHN TYLER ELEMENTARY <br />SCHOOL AND RELATED COSTS. <br /> <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br /> 1. That the sum of $4,000,000 be appropriated in the Capital Improvement <br />Fund for construction of the new John Tyler Elementary School and related costs. <br /> <br /> 2. That this appropriation is contingem upon the issuance of Virginia Public <br />School Authority (VPSA) bonds in the mount of $4,000,000 to fund an application filed <br />by the School Board of the City of Portsmouth for said construction. <br /> <br /> 3. That should the VPSA bonds not be issued, this ordinance shall be without <br />any force or effect. <br /> <br /> 4. That this ordinance shall take effect on the date of its adoption. <br /> <br /> ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held <br />on August 28, 2001. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />